Why is Conart Engineers falling/rising?

As of 22-Sep, Conart Engineers Ltd is currently priced at 103.00, reflecting a slight increase of 0.2 (0.19%). The stock has been gaining for the last two days, with a total return of 3.52% during this period, outperforming its sector by 1.24%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Despite generating a return of 26.61% over the past year, the company's profits have declined by 8.4%, and it has a weak long-term fundamental strength with an average Return on Equity (ROE) of 7.69%. The stock is also trading at a premium compared to its peers, which may affect investor sentiment negatively.
In the broader market context, Conart Engineers has underperformed the benchmark Sensex over the past week and month, with returns of -3.78% and -9.61%, respectively, while the Sensex has gained 0.46% and 1.05% in the same periods. This contrast highlights the stock's struggles relative to the market, despite its strong performance over the past three years. The falling investor participation, as indicated by a significant drop in delivery volume, further suggests a lack of confidence among investors, which could contribute to the stock's recent price movements.