Why is Ecos (India) falling/rising?

As of 22-Jul, Ecos (India) Mobility & Hospitality Ltd is experiencing a decline in its stock price, currently at Rs 343.00, reflecting a decrease of Rs 7.2 or 2.06%. Today's price summary indicates that the stock underperformed its sector by 6.76%, with an intraday low of Rs 340.5. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 10.65% and 17.47%, respectively. The company's strong fundamentals, including a high return on equity (ROE) of 30.73% and significant growth in net sales and operating profit, suggest a healthy long-term outlook. However, the recent fall in participation from institutional investors, who have reduced their stake by 1.46%, may be contributing to the stock's current downward movement.
In the broader market context, while Ecos (India) has outperformed the Sensex over the past week and month, the overall market sentiment appears to be less favorable, as indicated by the Sensex's slight declines during the same periods. The travel services sector, in which Ecos operates, has gained by 4.7%, suggesting some positive momentum in the industry. However, the stock's recent performance may be influenced by the falling institutional interest, which could impact investor confidence and trading activity. Overall, while the company has strong fundamentals, the recent decline in institutional participation may be weighing on the stock's price.