Why is Concord Enviro falling/rising?

As of 30-Jul, Concord Enviro Systems Ltd is experiencing a decline in its stock price, currently at Rs 632.95, which reflects a decrease of Rs 6.55 or 1.02%. Today's performance indicates that the stock has underperformed its sector by 1.73%, with an intraday low of Rs 624.9, marking a drop of 2.28%. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally upward trend in the longer term. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 582.14% compared to the 5-day average. However, the stock's year-to-date performance shows a notable decline of 14.93%, while it has generated a flat return over the past year, with profits falling by 39%.
In the broader market context, Concord Enviro's short-term return of +0.18% over the past week contrasts with the Sensex, which has decreased by 1.50% during the same period. This indicates that while the stock is facing challenges, it has managed to outperform the benchmark recently. The company's low debt-to-equity ratio of 0.08 times and strong quarterly results, including a 361.5% growth in PAT and a 40.9% increase in net sales, contribute positively to its valuation. However, the significant drop in profits over the past year may be weighing on investor sentiment, leading to the current price decline despite some positive indicators.