Why is Elantas Beck falling/rising?

As of 03-Jul, Elantas Beck India Ltd's stock price is rising, currently at 12,417.95, reflecting an increase of 177.95 or 1.45%. The stock has shown strong performance today, outperforming its sector by 1.48% and reaching an intraday high of Rs 12,488, which is a 2.03% increase. Over the past month, the stock has gained 23.26%, significantly outperforming the Sensex, which only increased by 3.10%. Additionally, the stock has demonstrated consistent returns over the last three years, with a remarkable 212.82% increase, although it has faced challenges with a flat growth in net sales and a decline in profits over the past year. The company maintains high management efficiency with a return on equity (ROE) of 15.14% and a low debt-to-equity ratio, which supports investor confidence.
In the broader market context, the stock's short-term return of 0.15% over the past week contrasts with the Sensex's decline of 0.62%, indicating that Elantas Beck is performing relatively well compared to the overall market. Despite the positive short-term performance, the stock's year-to-date return is down 2.98%, while the Sensex has gained 6.53% during the same period. This suggests that while the stock is currently experiencing a rise, it has faced challenges in the longer term, particularly with a decline in profits and concerns over its long-term growth potential.