Why is Econo Trade Indi falling/rising?

As of 18-Jul, Econo Trade India Ltd's stock price is currently at 8.90, reflecting a decrease of 0.18, or 1.98%. The stock has been underperforming, having lost 3.26% over the last two days and showing a negative return of 6.12% over the past month. Despite a relatively attractive valuation indicated by a Price to Book Value of 0.4 and a Return on Equity (ROE) of 4.9, the stock has faced challenges, including a year-over-year profit decline of 10.3%. Additionally, while the stock is trading above its 50, 100, and 200-day moving averages, it is below its 5 and 20-day moving averages, suggesting recent weakness in price momentum.
In the broader market context, Econo Trade India Ltd has underperformed the benchmark Sensex, which has gained 0.38% over the past month, while Econo Trade has dropped by 6.12%. The stock's consistent underperformance against the benchmark over the last three years, coupled with a weak long-term fundamental strength reflected in its average ROE of 3.85%, raises concerns among investors. Although there has been a rise in investor participation, with delivery volume increasing by 40.12% against the 5-day average, the overall sentiment remains cautious due to the stock's flat results and negative returns over the past year.