Why is Eiko Lifescience falling/rising?

As of 07-Jul, Eiko Lifesciences Ltd is experiencing a decline in its stock price, currently at Rs 60.37, which represents a decrease of 2.09 or 3.35%. The stock has underperformed its sector by 3.92% today and has been on a downward trend for the past two days, with a total decline of 7.39% during this period. Although the stock touched an intraday high of Rs 64, it also reached a low of Rs 60.01, indicating significant volatility. In terms of performance, Eiko has shown a strong return of 17.34% over the past year, which is notably higher than the market's average return of 1.74%. However, the company has reported weak long-term fundamentals, with an average Return on Equity (ROE) of only 2.82% and flat results in its latest quarterly report, which may contribute to investor concerns.
In the broader market context, Eiko Lifesciences has outperformed the Sensex in the short term, with a 21.10% return over the past week compared to a slight decline of 0.20% for the benchmark. Despite this short-term outperformance, the stock's year-to-date performance shows a decline of 3.78%, contrasting with the Sensex's gain of 6.79%. The recent increase in promoter confidence, with a 4.96% rise in their stake, suggests a positive outlook for the company's future; however, the stock's high valuation relative to its peers and weak long-term fundamentals may be causing caution among investors, leading to the current price decline.