Why is Eimco Elecon(I) falling/rising?

As of 08-Jul, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at 2,750.00, which reflects a decrease of 90.0 points or 3.17%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 7.25%. It opened the day with a significant loss of 4.89% and reached an intraday low of Rs 2,686.7, indicating bearish sentiment. Despite this short-term decline, the stock has shown strong performance over longer periods, with a year-to-date return of 34.15% and a remarkable 628.67% increase over the past three years. The company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit growing at an annual rate of 117.62%, which suggests underlying strength despite the recent price drop.
In the broader market context, Eimco Elecon's recent performance contrasts with the Sensex, which has only increased by 0.02% over the past week. While the stock has underperformed its sector today by 2.94%, it has outperformed the benchmark over the past month and year, indicating that the recent decline may be more of a short-term fluctuation rather than a reflection of the company's overall health. The rising investor participation, as evidenced by a 35.78% increase in delivery volume, suggests that there is still interest in the stock, which could support a recovery in the future.