Why is Somi Conv.Belt. falling/rising?

As of 01-Jul, Somi Conveyor Beltings Ltd is experiencing a decline in its stock price, currently at Rs 162.45, which reflects a decrease of Rs 2.95 or 1.78%. Today's price summary indicates that the stock has underperformed its sector by 1.83% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 158.5, marking a decline of 4.17%. In terms of performance over various periods, the stock has shown a 1-week increase of 2.78%, but it has significantly underperformed over the past month and year-to-date, with declines of 10.25% and 19.58%, respectively. Despite a positive return of 20.7% in profits over the past year, the stock's return of -15.35% indicates a disconnect between profitability and stock performance, although it is trading at a discount compared to its peers.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a 2.00% increase over the past week. This suggests that while the overall market is experiencing upward momentum, Somi Conveyor Beltings Ltd is lagging behind. The decline in investor participation, with a significant drop in delivery volume, further indicates a lack of confidence among investors. The stock's liquidity remains adequate for trading, but the moving averages suggest a bearish trend as it is lower than the 50-day, 100-day, and 200-day moving averages. Overall, the combination of underperformance relative to the sector and broader market, along with decreasing investor interest, contributes to the stock's current downward trajectory.