Why is Azad Engineering falling/rising?

As of 29-Aug, Azad Engineering Ltd is experiencing a decline in its stock price, currently at 1,528.20, which reflects a decrease of 15.35 points or 0.99%. The stock has underperformed its sector by 1.52% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.87%, while its performance over the last month shows a modest increase of 1.41%. Despite positive financial results over the last six quarters, including a significant rise in net sales and profits, the stock's return year-to-date is down 11.26%. Additionally, a notable factor contributing to the stock's decline is the reduction in promoter confidence, as they have decreased their stake by 4.9% in the last quarter.
In the broader market context, the Sensex has shown a decline of 1.84% over the past week, indicating that the market sentiment is generally negative. However, Azad Engineering's performance is notably worse than the benchmark, suggesting that specific company issues are exacerbating its decline. The stock's low return on equity of 6.3 and high price-to-book value of 7.1 indicate that it may be overvalued, which could deter investors. Furthermore, the falling investor participation, with a decrease in delivery volume, suggests a lack of interest in the stock, further contributing to its downward trend.