Why is Roto Pumps falling/rising?

As of 14-Nov, Roto Pumps Ltd is experiencing a decline in its stock price, currently at Rs. 62.54, which reflects a decrease of Rs. 2.1 or 3.25%. The stock has hit a new 52-week low of Rs. 61.26 today and has underperformed its sector by 3.33%. Over the past week, Roto Pumps has seen a significant drop of 5.93%, and its performance over the last month shows a decline of 13.67%. The company has been losing value for the last two days, with a total drop of 4.33% during this period. Despite a rise in investor participation, with delivery volume increasing by 43.46%, the stock is trading below all its moving averages, indicating a bearish trend. The company's recent financial results have also been disappointing, with a 50.97% drop in profit before tax and a 27.71% decline in profit after tax over the last six months, contributing to a negative sentiment around the stock.
In the broader market context, Roto Pumps has significantly underperformed compared to the benchmark Sensex, which has gained 1.62% over the past week and 3.09% over the past month. The stock's year-to-date performance shows a staggering decline of 33.74%, while the Sensex has risen by 8.22% during the same period. This stark contrast highlights the challenges faced by Roto Pumps, particularly in light of its negative financial results and high valuation metrics, such as a Price to Book Value of 5.1, which suggests that the stock may be overvalued compared to its peers. The combination of poor financial performance, underwhelming returns, and a bearish market sentiment has led to the stock's current downward trajectory.