Why is Eimco Elecon(I) falling/rising?

As of 19-Sep, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,070.00, which reflects a decrease of 123.0 points or 5.61%. The stock has underperformed its sector by 5.55% today and has been on a downward trend for the last three days, accumulating a total decline of 10.04%. Additionally, the stock has shown significant volatility with an intraday fluctuation of 5.02%. Over the past week, the stock has decreased by 5.67%, and its performance over the last month shows a decline of 8.04%. The company's low return on equity of 4.92% and flat results in the most recent quarter, where profit before tax fell by 12.7%, contribute to its poor performance. Furthermore, the stock's high price-to-book value of 3.1 indicates an expensive valuation relative to its profitability, which may deter investors.
In the broader market context, while the Sensex has gained 0.88% over the past week, Eimco Elecon's performance has significantly lagged behind, highlighting its struggles in comparison to the benchmark. The stock's one-year return of -24.86% starkly contrasts with the Sensex's minor decline of 0.67%, indicating a persistent underperformance. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's prospects, further exacerbating its decline. Overall, the combination of poor management efficiency, high valuation, and underwhelming market performance has led to the stock's recent downward trajectory.