Why is Concord Enviro falling/rising?

As of 25-Jul, Concord Enviro Systems Ltd is experiencing a decline in its stock price, currently at 620.00, which reflects a decrease of 8.5 points or 1.35%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.87%. It opened today with a loss of 2.15% and reached an intraday low of Rs 614.35. Despite this, the stock has outperformed its sector by 0.88% today and is trading above its moving averages for 5, 20, 50, 100, and 200 days. Over the past week, the stock has shown a slight increase of 0.33%, while it has risen by 5.22% over the past month. However, year-to-date, the stock is down 16.67%, contrasting with the Sensex, which has gained 4.25%.
In the broader market context, while Concord Enviro's short-term performance has been slightly better than the benchmark, the overall trend shows significant underperformance year-to-date compared to the Sensex. The engineering sector, to which Concord belongs, has also seen a decline of 2.25%. Positive factors for the company include impressive quarterly results with a substantial growth in profit after tax and net sales, alongside a low debt-to-equity ratio, which suggests a solid financial position. However, the stock's overall return has been stagnant over the past year, with profits falling by 39%, indicating potential concerns among investors that may be contributing to the recent price decline.