Why is Eco Recyc. falling/rising?

As of 23-Jul, Eco Recycling Ltd's stock price is currently at 679.75, reflecting a decline of 17.15 points or 2.46%. Today's price summary indicates that the stock has underperformed its sector by 2.48% and has experienced a trend reversal after four consecutive days of gains. The stock reached an intraday high of Rs 724 but fell to a low of Rs 672.3, with trading volume weighted towards the lower price. Over the past week, the stock has shown a positive return of 10.77%, but it has a year-to-date decline of 29.99%. The company's recent financial performance has raised concerns, as it reported a significant drop in profit after tax and net sales compared to previous quarters, despite a healthy long-term growth rate in operating profit. Additionally, the stock is trading at a premium compared to its peers, which may deter investors.
In the broader market context, Eco Recycling Ltd's short-term performance has outpaced the Sensex, which only gained 0.11% over the same week. However, the stock's year-to-date performance is notably poor compared to the Sensex's gain of 5.87%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence among institutional investors, further contributing to the stock's downward pressure. Despite the company's low debt-to-equity ratio and rising investor participation, these positive factors are overshadowed by the recent disappointing financial results and high valuation metrics, leading to the current decline in stock price.