Why is C.E. Info System falling/rising?

As of 12-Jun, C.E. Info Systems Ltd is experiencing a decline in its stock price, currently at Rs 1,768.75, which reflects a decrease of Rs 176.9 or 9.09%. Today's performance indicates that the stock opened significantly lower, with a gap down of 6.2%, and reached an intraday low of Rs 1,760, marking a 9.54% drop. Over the past week, the stock has underperformed the sector by 8.11%, and its returns over the last month and year are also negative at -10.76% and -10.71%, respectively. Despite this downturn, the company shows positive fundamentals, including a high return on equity (ROE) of 19.57%, a low debt-to-equity ratio, and strong long-term growth in net sales. Additionally, institutional investors have increased their stake, indicating confidence in the company's potential.
In the broader market context, the Sensex has shown a slight increase of 0.31% over the past week, contrasting with the stock's decline. This suggests that the stock's poor performance is not reflective of the overall market trend. While the company has demonstrated healthy growth metrics and rising investor participation, the recent price drop may be attributed to short-term market pressures or investor sentiment rather than fundamental weaknesses. The stock's performance relative to the benchmark indicates a significant underperformance, which could be influencing investor decisions and contributing to the current price decline.