Why is Edvenswa Enter falling/rising?

As of 23-Jun, Edvenswa Enterprises Ltd is experiencing a decline in its stock price, currently at 41.60, which represents a decrease of 0.11 or 0.26%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.45% over that period. Additionally, it is trading below all its moving averages, indicating a bearish trend. Despite the company's positive financial indicators, such as a low debt-to-equity ratio and consistent growth in net sales and operating profit, the stock has generated a negative return of 23.83% over the past year, which contrasts with its rising profits. This suggests that while the company is fundamentally strong, market sentiment may be weighing down the stock price.
In the broader market context, Edvenswa Enterprises Ltd's performance has been notably weaker compared to the Sensex, which has gained 0.12% over the past week. The stock's year-to-date decline of 30.15% starkly contrasts with the Sensex's positive return of 4.81%, indicating that investor sentiment towards this stock is currently negative. Although there has been an increase in investor participation, as evidenced by a rise in delivery volume, the overall market action in the electronics components sector has seen gains, further highlighting Edvenswa's underperformance relative to its peers.