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

As of 22-Sep, C.E. Info Systems Ltd is experiencing a decline in its stock price, currently at 1,633.95, reflecting a decrease of 14.4 points or 0.87%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total drop of 1.04%. It has also shown a negative return of 5.88% over the past month and a significant decline of 20.68% over the past year. Although the company has demonstrated high management efficiency with a return on equity of 19.57% and positive financial results, such as a 27.24% growth in net sales over the last six months, the stock's valuation is considered expensive, which may deter investors. Additionally, despite a rise in institutional investor participation, the stock's performance has been below par compared to its peers.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -1.00% compared to a 0.46% gain in the Sensex. The IT - Software sector has also faced challenges, declining by 2.6%. This underperformance in both the stock and sector, combined with the stock trading below its moving averages, suggests a bearish sentiment among investors. While there has been an increase in delivery volume, indicating rising investor participation, the overall market conditions and the stock's historical performance contribute to its current downward trend.