Why is Eimco Elecon(I) falling/rising?

As of 04-September, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,033.80, which reflects a decrease of Rs 31.1 or 1.51%. The stock has underperformed its sector by 0.87% today, touching an intraday low of Rs 2,008.2, which is a drop of 2.75%. Over the past week, the stock has fallen by 7.55%, and it has also shown a significant decline of 14.33% over the past month. The company's performance metrics indicate a low delivery volume, which has decreased by 30.64% compared to the five-day average, and it is trading below all key moving averages. Additionally, the company has a low Return on Equity (ROE) of 4.92%, indicating poor management efficiency and profitability, which may contribute to investor concerns.
In the broader market context, the stock's performance has been notably worse than the benchmark Sensex, which has gained 0.80% over the past week. While the Sensex has shown a slight decline of 0.37% over the past month, Eimco Elecon's substantial drop of 14.33% highlights its underperformance. The company’s financial health is further questioned by its flat results in the last quarter, where profit before tax fell by 12.7%, and a significant portion of its profits is derived from non-operating income. Despite its low debt-to-equity ratio and healthy long-term growth in operating profit, the overall sentiment remains negative, as evidenced by the lack of domestic mutual fund investment and the stock's significant decline of 34.71% over the past year compared to the market's overall negative return of 4.38%.