Why is Ceinsys Tech falling/rising?

As of 24-Oct, Ceinsys Tech Ltd's stock price is currently at 1,349.00, reflecting a decline of 69.05 points or 4.87%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.62% during this period. It opened with a loss of 2.33% today and reached an intraday low of Rs 1347.15, which is a 5% decrease. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these declines, the company has shown strong financial performance in recent quarters, with a significant net profit growth of 231.24% and positive results for the last five consecutive quarters, which could suggest underlying strength despite the current price drop.
In the broader market context, Ceinsys Tech's short-term performance has been notably poor, with a 1-week return of -7.72%, while the benchmark Sensex has increased by 0.31% during the same period. This stark contrast highlights the stock's struggle relative to the market. Although the company has demonstrated consistent returns over the last three years and has a low Debt to EBITDA ratio, indicating a strong ability to service debt, the recent price movement reflects investor concerns, possibly influenced by the stock's recent underperformance compared to the benchmark and sector.