Why is Eco Recyc. falling/rising?

As of 24-Jul, Eco Recycling Ltd's stock price is currently at 680.20, reflecting a slight increase of 0.45, or 0.07%. The stock has shown a strong performance over the past week, with a return of +9.53%, and a notable +13.37% increase over the past month, outperforming the Sensex, which has seen a minimal decline of -0.09% in the same timeframe. However, the stock's year-to-date performance remains concerning, with a decline of -29.95%. While the company has a low debt-to-equity ratio and impressive long-term growth in operating profit, recent quarterly results have been disappointing, showing a significant drop in both profit after tax and net sales compared to previous quarters. This mixed performance, combined with a high valuation relative to peers, may be contributing to investor caution.
In the broader market context, Eco Recycling Ltd's recent gains stand in contrast to the Sensex's slight decline, indicating a strong relative performance in the short term. Despite this, the stock's year-over-year return of -8.63% highlights ongoing challenges, especially given that domestic mutual funds hold no stake in the company, which could suggest a lack of confidence in its current valuation or business prospects. The stock's liquidity remains adequate for trading, but falling investor participation, as indicated by a decrease in delivery volume, may signal waning interest. Overall, while the stock is currently rising, the underlying fundamentals and market sentiment present a complex picture that could influence future movements.