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

As of 14-Nov, C.E. Info Systems Ltd is experiencing a decline in its stock price, currently at 1,690.00, reflecting a decrease of 15.15 points or 0.89%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 7.39% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company's recent financial performance shows a significant drop in profit after tax, which has fallen by 53% compared to the previous four-quarter average, and net sales have decreased by 5.9%. Despite having a high return on equity and a low debt-to-equity ratio, these negative financial indicators, along with a low debtors turnover ratio, contribute to the stock's poor performance.
In the broader market context, C.E. Info Systems Ltd has underperformed against the Sensex, with a one-week return of -6.84% compared to the benchmark's increase of 1.62%. Over the past month, the stock has dropped by 13.54%, while the Sensex has gained 3.09%. This underperformance is further highlighted by the stock's negative returns over the last year and three years, where it has lagged behind the BSE500 index. The falling investor participation, evidenced by a 35.46% drop in delivery volume, suggests a lack of confidence among investors, which is compounded by the stock's expensive valuation relative to its peers. Overall, these factors indicate a challenging environment for C.E. Info Systems Ltd, leading to its current decline in stock price.