Why is E-Land Apparel falling/rising?

As of 31-Jul, E-Land Apparel Ltd's stock price is currently at 28.05, reflecting a decrease of 0.35, or 1.23%. The stock has been on a downward trend, having fallen consecutively for the last seven days, resulting in a total decline of 11.29%. Despite this recent downturn, the company has shown strong performance in the long term, with a remarkable growth in net profit of 123.96% and positive results over the last three consecutive quarters. Additionally, net sales have increased significantly, and the stock has outperformed the BSE500 over various time frames, indicating a generally positive outlook despite the recent price drop.
In the broader market context, E-Land Apparel's short-term performance has been notably weaker compared to the benchmark, as it has declined by 8.84% over the past week while the Sensex has only decreased by 1.22%. The textile sector has also faced challenges, with a decline of 2.4%, which may have contributed to the stock's recent struggles. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 76.74% against the five-day average, suggesting reduced interest in trading the stock. This combination of sector-wide issues and declining investor engagement has likely influenced the stock's recent price movement.