Why is Eimco Elecon(I) falling/rising?

As of 23-Sep, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at 2,042.95, reflecting a decrease of 2.7 points or 0.13%. The stock has underperformed its sector by 0.59% today and has been on a consecutive downward trend for the last five days, resulting in a significant 11.21% drop over that period. The stock's performance over the past year shows a stark decline of 27.17%, while the company's operating profit has grown at an annual rate of 107.49%. However, the company suffers from poor management efficiency, indicated by a low return on equity (ROE) of 4.92%, and has faced flat results in its latest quarter, with a notable portion of its profit before tax coming from non-operating income. Additionally, the stock is perceived as expensive with a price-to-book value of 3.1, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation.
In the broader market context, the stock's short-term performance has been significantly worse than the benchmark, with the Sensex showing only a minor decline of 0.34% over the same week. While the overall market has generated a negative return of 4.69% in the last year, Eimco Elecon's performance has been considerably worse, highlighting its struggles relative to the broader market. The company's liquidity appears adequate for trading, but the falling investor participation, as evidenced by a 47.95% drop in delivery volume, further underscores the challenges it faces in regaining investor confidence.