Why is Ecofinity Ato falling/rising?

As of 14-Jul, Ecofinity Atomix Ltd's stock price is currently at Rs 40.51, reflecting a decline of Rs 2.02 or 4.75%. The stock has been underperforming, having lost 9.07% over the last three days and is down 14.43% over the past month. Despite opening with a gain of 5.1% today and reaching an intraday high of Rs 44.7, it ultimately fell to its current price. The stock is trading lower than its 5-day, 20-day, 100-day, and 200-day moving averages, although it remains above the 50-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 74.96% compared to the 5-day average. While the company has reported positive financial results over the last three quarters, including a substantial growth in net sales and a strong debtors turnover ratio, these factors have not been sufficient to counteract the recent price decline.
In the broader market context, Ecofinity Atomix Ltd's performance has been relatively weak compared to the Sensex, which has gained 1.40% over the past month while Ecofinity has declined by 14.43%. The stock's year-to-date performance shows a significant drop of 22.59%, contrasting sharply with the Sensex's increase of 5.27%. Although the stock has shown impressive growth over the longer term, with a 363.50% increase over three years, the recent trends indicate a struggle to maintain momentum in the short term. The combination of declining stock price, reduced trading volume, and underperformance against the benchmark suggests that investor sentiment may be cautious despite the company's positive financial indicators.