Why is Elantas Beck falling/rising?

As of 20-Jun, Elantas Beck India Ltd's stock price is rising, currently at Rs 11,366.50, reflecting an increase of Rs 391.5 or 3.57%. The stock has shown strong performance recently, outperforming its sector by 2.87% today and achieving a consecutive gain over the last two days with a total return of 3.71%. It reached an intraday high of Rs 11,700, marking a 6.61% increase, although it also experienced a low of Rs 10,731. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 20.42% compared to the 5-day average. Despite a high management efficiency reflected in a return on equity (ROE) of 15.14% and a low debt-to-equity ratio, the company has faced challenges with poor long-term growth and flat results in recent quarters.
In the broader market context, Elantas Beck's short-term return of 9.49% over the past week significantly outpaces the Sensex's return of 1.59%, and its 23.53% return over the past month also exceeds the benchmark's 1.50%. However, the stock has underperformed on a year-to-date basis, with a decline of 11.20% compared to the Sensex's gain of 5.46%. This contrast highlights the stock's volatility and potential investor concerns regarding its long-term growth prospects, especially given the recent decline in net sales growth and profitability. While the stock is trading at a discount compared to its peers, its valuation remains high, which may affect investor sentiment moving forward.