Why is Eimco Elecon(I) falling/rising?

As of 13-Oct, Eimco Elecon (India) Ltd is experiencing a decline in its stock price, currently at 1,917.80, which represents a decrease of 24.15 points or 1.24%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 16.65% during this period. Additionally, it opened with a loss of 2.12% today and reached an intraday low of Rs 1,892.85. The stock is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 34.79% compared to the 5-day average. The stock's performance over the past month shows a decline of 12.60%, while it has dropped 36.61% over the past year, contrasting sharply with its impressive 433.54% increase over the last three years.
In the broader market context, Eimco Elecon's recent performance has been notably weaker than the benchmark Sensex, which has increased by 0.66% over the past week. While the stock has shown a positive return of 5.05% in the last week, its longer-term performance remains concerning, with a year-to-date decline of 6.45% compared to the Sensex's gain of 5.36%. This suggests that despite some short-term recovery, the overall trend for Eimco Elecon is downward, influenced by both stock-specific challenges and a relatively stable broader market environment.