Why is Elango Industrie falling/rising?

As of 09-Jul, Elango Industries Ltd is experiencing a decline in its stock price, currently at 12.22, reflecting a decrease of 0.24 or 1.93%. The stock has underperformed its sector by 1.97% today and has been on a downward trend for the last three days, with a total decline of 5.71% over the past week. Additionally, the stock's performance over the last month shows a decrease of 7.84%, although it has seen a positive return of 2.86% year-to-date. The stock is currently trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages. Notably, there has been a significant drop in investor participation, with delivery volume falling by 99.79% compared to the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with Elango Industries' negative performance. While the stock has outperformed the benchmark over the longer term, with a 3-year return of 20.99% compared to the Sensex's 53.33%, its recent short-term performance highlights a concerning trend. The stock's liquidity remains adequate for trading, but the falling investor participation suggests a lack of confidence among investors, contributing to the stock's recent decline.