Why is Concord Enviro falling/rising?

As of 01-Aug, Concord Enviro Systems Ltd is experiencing a decline in its stock price, currently at Rs 595.80, which reflects a decrease of Rs 25.35 or 4.08%. The stock has underperformed its sector by 1.98% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 6.83% during this period. Additionally, the stock's performance over the past week shows a decline of 3.90%, while it has gained 4.18% over the past month. Despite a low debt-to-equity ratio and positive quarterly results indicating significant growth in profit after tax and net sales, the stock's overall return year-to-date is down by 19.92%, suggesting ongoing challenges despite some positive financial indicators.
Broader market context reveals that the Sensex has decreased by only 1.06% over the past week, indicating that Concord Enviro's decline is more pronounced than the broader market. The engineering sector, specifically industrial equipment, has also seen a decline of 2.13%, which may be contributing to the stock's downward movement. Although there has been a notable increase in investor participation, with delivery volume rising significantly, the overall market sentiment appears to be negative, impacting Concord Enviro's stock performance adversely.