Why is Somi Conv.Belt. falling/rising?

As of 22-Sep, Somi Conveyor Beltings Ltd is experiencing a slight decline in its stock price, currently at 139.75, reflecting a decrease of 0.2 or 0.14%. The stock has underperformed its sector today by 1.56% and has seen a trend reversal after three consecutive days of gains. Over the past week, the stock has increased by 1.64%, but it has a negative return of 4.41% over the past month and a significant decline of 30.82% year-to-date. Despite a rise in profits by 27.2% over the past year, the stock's return of -14.60% indicates poor performance compared to the broader market, which has seen a decline of only 2.82% in the same period. The company has a low return on equity of 4.85%, indicating inefficiency in generating profit from shareholders' funds, which may contribute to the stock's downward movement.
In the broader market context, the stock's recent performance has been less favorable compared to the benchmark, as it has underperformed the BSE500 index, which recorded a negative return of 3.80% over the past year. The stock's current liquidity is adequate for trading, but its moving averages suggest a bearish trend, as it is lower than the 20-day, 50-day, 100-day, and 200-day moving averages. While the stock is trading at a discount compared to its peers, the overall sentiment remains cautious due to its poor long-term growth prospects and flat results reported in June. This combination of factors contributes to the stock's current decline.