Why is Eimco Elecon(I) falling/rising?

As of 22-Sep, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,039.15, reflecting a decrease of Rs 8.0 or 0.39%. The stock has been on a downward trend, losing value for the last four consecutive days and accumulating a total return of -11.38% during this period. Additionally, the stock's performance over the past week shows a significant drop of -9.91%, while it has also underperformed over the past month with a decline of -9.28%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in delivery volume, which rose by 273.78% against the 5-day average, the overall sentiment appears negative, contributing to the stock's recent decline.
In the broader market context, Eimco Elecon's performance contrasts sharply with the benchmark Sensex, which has gained 0.46% over the past week. While the Sensex has shown positive returns, Eimco Elecon has struggled, reflecting a year-to-date decline of -0.53% compared to the Sensex's gain of 5.15%. This divergence highlights the stock's underperformance relative to the market, further exacerbated by its significant year-over-year decline of -26.65%, while the Sensex has only decreased by -2.82%. The liquidity of the stock remains adequate for trading, but the prevailing negative sentiment and consistent price drops suggest that investor confidence is waning.