Why is Eimco Elecon(I) falling/rising?

As of 09-Oct, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,028.10, which represents a decrease of Rs 272.9 or 11.86%. Today, the stock opened with a gain of 3.43% but has since fallen significantly, touching an intraday low of Rs 1,991.4, reflecting a volatility of 10.97%. The stock has underperformed its sector by 12.13% today and has reversed its trend after five consecutive days of gains. Over the past week, the stock has shown a positive return of 12.17%, but it has underperformed over the last month and year, with declines of 1.16% and 31.25%, respectively. Notably, there has been a significant increase in investor participation, with delivery volume rising by 483.56% against the five-day average, indicating heightened interest despite the current price drop.
In the broader market context, while Eimco Elecon's short-term performance has been strong relative to the benchmark Sensex over the past week, it has lagged behind in the longer term, with a year-to-date return of -1.07% compared to the Sensex's 5.16%. This suggests that while the stock has seen some recent gains, it is struggling to maintain momentum in the face of broader market trends. The stock's liquidity remains adequate for trading, but the current volatility and significant drop today may be causing concern among investors, contributing to the downward pressure on its price.