Why is Orient Tech. falling/rising?

As of 13-Aug, Orient Technologies Ltd is experiencing a decline in its stock price, currently at Rs 311.90, which represents a decrease of Rs 15.1 or 4.62%. The stock has underperformed its sector by 4.76% today and opened with a loss of 3.3%. It reached an intraday low of Rs 308.1, reflecting a drop of 5.78%. Over the past week, the stock has seen a slight decline of 0.10%, and over the past month, it has fallen by 9.76%. Despite a low debt-to-equity ratio and a return on equity of 15.3%, which indicates attractive valuation, the stock's performance has been hindered by a significant drop in profits, with a 20.5% decrease in PAT for the latest quarter. Additionally, institutional investor participation has decreased, suggesting a lack of confidence in the stock's long-term growth potential.
In the broader market context, the Sensex has shown a minimal decline of 0.01% over the past week and a 2.38% drop over the past month, indicating that the market is relatively stable compared to Orient Technologies' performance. The company's year-to-date return of -35.14% starkly contrasts with the Sensex's positive return of 3.07%, highlighting the stock's significant underperformance. This underperformance is compounded by the company's flat results in June and the declining interest from institutional investors, which may further impact market sentiment negatively.