Why is Jyoti CNC Auto. falling/rising?

As of 15-Sep, Jyoti CNC Automation Ltd's stock price is rising, currently at 932.45, reflecting an increase of 30.8 or 3.42%. The stock has shown a positive trend today, outperforming its sector by 2.49% and reversing a two-day decline. It reached an intraday high of Rs 940, indicating strong intraday momentum. However, despite this short-term gain, the stock has underperformed over the year with a return of -20.91%. The company has a low Debt to EBITDA ratio of 0.38, suggesting a strong ability to service its debt, while its net sales have grown at an impressive annual rate of 33.50%. Nonetheless, recent flat results and a significant drop in profit before tax have raised concerns about its valuation, which is considered expensive with a PEG ratio of 0.5.
In the broader market context, the stock's short-term performance of +4.39% over the past week significantly outpaces the Sensex's gain of +1.24%. However, the stock's year-to-date performance remains concerning, with a decline of -30.88% compared to the Sensex's increase of +4.67%. This consistent underperformance over the last three years highlights the challenges faced by Jyoti CNC Automation Ltd, despite its recent positive price movement. The falling investor participation, as indicated by a decrease in delivery volume, may also suggest caution among investors, impacting the stock's overall market sentiment.