Why is Afcons Infrastr. falling/rising?

As of 30-Jul, Afcons Infrastructure Ltd's stock price is currently at Rs 399.55, reflecting an increase of Rs 2.4 or 0.6%. Despite this uptick, the stock has underperformed in the short term, with a 5.98% decline over the past week and an 8.97% drop over the past month. The stock is also trading below its moving averages across various time frames, indicating a bearish trend. However, it has shown a slight recovery today after five consecutive days of decline, reaching an intraday high of Rs 405.8. The stock is still close to its 52-week low, being only 4.29% away from Rs 382.4. Positive factors include a high management efficiency with a return on capital employed (ROCE) of 17.70% and strong institutional holdings at 30.33%, which may provide some support for the stock's valuation.
In the broader market context, Afcons Infrastructure's performance has been notably weaker compared to the Sensex, which has gained 4.28% year-to-date, while Afcons has seen a significant decline of 26.80% in the same period. The capital goods sector, in which Afcons operates, has gained by 2.68%, suggesting that the overall sector is performing better than the stock itself. Additionally, the falling investor participation, with a 46.69% drop in delivery volume compared to the five-day average, indicates a lack of confidence among retail investors, which could further pressure the stock.