Why is Eimco Elecon(I) falling/rising?

As of 03-Sep, Eimco Elecon (India) Ltd is experiencing a price increase, with the current price at Rs 2,064.90, reflecting a rise of 36.0 or 1.77%. Today's performance indicates that the stock has outperformed its sector by 1.47%, reaching an intraday high of Rs 2,074.95. However, the stock has shown a significant decline over the past week and month, with returns of -8.09% and -13.68%, respectively. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, it also faces challenges such as poor management efficiency, indicated by a low return on equity of 4.92%, and flat results in its latest quarterly report. Additionally, domestic mutual funds hold no stake in the company, which may reflect a lack of confidence in its valuation.
Broader Market Context: In the context of the broader market, Eimco Elecon's recent performance contrasts with the benchmark Sensex, which has seen a minimal decline of -0.27% over the past week and -0.04% over the past month. Despite the stock's recent uptick, it has underperformed significantly over the past year, with a return of -34.67% compared to the market's -2.41%. This underperformance, coupled with the company's declining profits and low investor confidence, suggests that while there may be short-term gains, the overall outlook remains cautious amidst broader market trends.