Why is Concord Enviro falling/rising?

As of 21-Jul, Concord Enviro Systems Ltd is experiencing a decline in its stock price, currently at 614.15, which reflects a decrease of 3.8 points or 0.61%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 6.67% and 11.46%, respectively. Today's price summary indicates that the stock underperformed its sector by 0.48%, although it reached an intraday high of Rs 634.7, showing some volatility. The stock is trading above its moving averages across various time frames, and there has been a significant increase in investor participation, with delivery volume rising by 945.42% compared to the 5-day average. However, the company has faced challenges, as its profits have fallen by 39% over the past year, despite reporting strong quarterly growth in net sales and profit after tax.
In the broader market context, while Concord Enviro has shown strong short-term returns, the benchmark Sensex has remained relatively flat, with a slight decline of 0.06% over the past week. This indicates that while the stock has outperformed the benchmark in the short term, it still faces headwinds due to its year-to-date performance, which is down 17.46% compared to the Sensex's gain of 5.20%. The company's low debt-to-equity ratio and attractive valuation metrics may provide some support, but the overall market sentiment and the company's declining profitability could be contributing factors to the current price movement.