Why is Eimco Elecon(I) falling/rising?

As of 05-Sep, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,921.00, which reflects a decrease of Rs 112.8 or 5.55%. The stock has underperformed its sector by 5.49% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 6.97%. Additionally, the stock has shown poor performance over various time frames, with a 1-week return of -14.81% and a 1-month return of -17.94%. The company's low delivery volume, which fell by 51.5% against the 5-day average, and its trading below all significant moving averages indicate weak investor interest. Furthermore, the company’s low return on equity of 4.92% and flat results in the latest quarter contribute to the negative sentiment surrounding the stock.
In the broader market context, Eimco Elecon's performance has been significantly worse than the benchmark, with a 1-year return of -38.03% compared to the Sensex's decline of only 1.81%. This stark contrast highlights the stock's struggles relative to the market, as it has consistently underperformed over the past year. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its valuation and business prospects. Despite the company's healthy long-term growth in operating profit, the combination of poor management efficiency, high valuation concerns, and declining investor participation has led to the stock's current downward trajectory.