Why is Porwal Auto Comp falling/rising?

As of 29-Sep, Porwal Auto Components Ltd is experiencing a decline in its stock price, currently at Rs 57.16, which reflects a decrease of Rs 1.8 or 3.05%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 9.69% during this period. Today's trading saw the stock reach a high of Rs 60.35 and a low of Rs 56.2, with more volume traded closer to the low price. Despite a positive PAT of Rs 2.73 Cr reported for the nine months ending June 25, the stock's overall performance over the past year shows a return of -6.23%, alongside a significant profit drop of 56.4%. Additionally, the company's weak long-term fundamentals, indicated by a low ROCE of 4.18% and a poor EBIT to Interest ratio of 1.29, contribute to the negative sentiment surrounding the stock.
In the broader market context, Porwal Auto Components Ltd's recent performance contrasts with the benchmark Sensex, which has shown a decline of only 2.18% over the past week. While the stock has underperformed its sector by 3.68% today, it has outperformed the benchmark over a three-year period with a return of 88.65% compared to the Sensex's 42.47%. However, the stock's year-to-date performance is nearly flat at 0.11%, while the Sensex has gained 2.85%. This disparity highlights the challenges faced by Porwal Auto Components Ltd in maintaining investor confidence amidst its declining returns and fundamental weaknesses.