Why is Somi Conv.Belt. falling/rising?

As of 26-Jun, Somi Conveyor Beltings Ltd is experiencing a decline in its stock price, currently at Rs 159.95, which reflects a decrease of Rs 4.05 or 2.47%. Today's price summary indicates that the stock has underperformed its sector by 4.04%, opening with a loss of 2.41% and reaching an intraday low of Rs 156, marking a drop of 4.88%. Over the past week, the stock has shown a positive return of 5.58%, but it has significantly underperformed over the last month and year, with returns of -14.74% and -32.28%, respectively. Despite a rise in profits by 20.7% over the past year, the stock's operating profit growth has been modest at an annual rate of 8.88% over the last five years, contributing to concerns about its long-term growth potential.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE 500, which generated a return of 4.11% over the last year. The stock's current valuation appears attractive with a Price to Book Value of 2.7, and it is trading at a discount compared to its peers. However, the significant drop in delivery volume by 44.58% against the 5-day average suggests falling investor participation, which may further pressure the stock price. Overall, the combination of recent poor performance, flat quarterly results, and concerns about long-term growth prospects are contributing to the stock's decline.