Why is Eimco Elecon(I) falling/rising?

As of 02-Sep, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,028.90, reflecting a decrease of Rs 246.45 or 10.83%. The stock has underperformed its sector by 12.4% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 2001.2, indicating significant volatility with an intraday fluctuation of 10.69%. Over the past week, the stock has decreased by 9.70%, and its performance over the last month shows a decline of 15.19%. The company has a low Debt to Equity ratio and has shown healthy long-term growth in operating profit; however, it suffers from poor management efficiency, as indicated by a low Return on Equity (ROE) of 4.92%, and flat results in its latest quarterly report, which have contributed to the stock's recent downward trend.
In the broader market context, Eimco Elecon's performance has significantly lagged behind the benchmark, with a one-year return of -34.59% compared to the Sensex's decline of only 2.91%. This stark contrast highlights the stock's underperformance, particularly as domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation and business prospects. The stock's high volatility and falling investor participation, evidenced by a 31.63% drop in delivery volume, further underscore the challenges it faces in attracting and retaining investor interest amidst a generally negative sentiment.