Why is Concord Enviro falling/rising?

As of 31-Jul, Concord Enviro Systems Ltd is experiencing a decline in its stock price, currently at Rs 621.15, which reflects a decrease of Rs 11.8 or 1.86%. The stock has underperformed its sector by 2.27% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 2.87%. It opened significantly lower, down 4.38%, and reached an intraday low of Rs 605.2. Over the past week, the stock has seen a slight decline of 1.17%, while it has performed better over the past month with an increase of 8.61%. Despite this recent downturn, the company has shown strong financial results in its latest quarter, with a remarkable growth in PAT and net sales, although its overall return over the past year remains flat at 0.00% with a notable profit decline of 39%.
In the broader market context, Concord Enviro's short-term performance has been slightly better than the benchmark Sensex, which has decreased by 1.22% over the past week. However, the stock's year-to-date performance is significantly worse, with a decline of 16.52% compared to the Sensex's increase of 3.90%. The stock's liquidity appears adequate, with a notable rise in delivery volume, indicating increased investor participation. Despite the company's low debt-to-equity ratio and attractive valuation metrics, the recent price movement reflects investor concerns, possibly influenced by the stock's consecutive losses and the overall market sentiment.