Why is Jyoti CNC Auto. falling/rising?

As of 23-Sep, Jyoti CNC Automation Ltd's stock price is currently at 917.45, reflecting a decrease of 20.25 points or 2.16%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.89% during this period. Today's trading saw the stock hit an intraday low of Rs 903, and the volume traded was significantly lower than the average, indicating a drop in investor participation. Over the past week, the stock has declined by 1.19%, and its year-to-date performance shows a substantial drop of 31.99%. While the company has a strong ability to service its debt and has demonstrated healthy long-term growth in net sales and operating profit, recent financial results have been disappointing, with a notable decline in profit before tax and net sales compared to previous quarters. This has contributed to the stock's negative sentiment and valuation concerns.
In the broader market context, Jyoti CNC Automation Ltd has underperformed against the Sensex, which has shown a slight increase of 0.98% over the past month, while the stock itself has decreased by 4.06%. The stock's year-on-year return of -21.59% further highlights its consistent underperformance relative to the benchmark, which has only declined by 3.33% in the same period. This trend of underperformance over the last three years has likely influenced investor sentiment negatively, leading to the current price decline. Despite the company's strong fundamentals, the recent flat results and high valuation metrics have raised concerns, contributing to the stock's downward movement.