Why is Elantas Beck falling/rising?

As of 09-Jul, Elantas Beck India Ltd's stock price is currently at 11,720.05, reflecting an increase of 50.5 points or 0.43%. The stock has shown a positive performance today, having outperformed its sector by 0.45% and achieving a consecutive gain over the last two days with a total return of 2.81%. However, it opened with a loss of 2.73% and reached an intraday low of Rs 11,351. Despite these fluctuations, the stock has demonstrated strong returns over the past month, gaining 10.68%, although it has underperformed in the year-to-date period with a decline of 8.44%. Factors contributing to the stock's recent movement include high management efficiency indicated by a return on equity (ROE) of 15.14% and a low debt-to-equity ratio, which are positive signs. However, concerns about poor long-term growth, as evidenced by a 14.19% annual growth rate in net sales over the past five years and a recent decline in profits, may be weighing on investor sentiment.
In the broader market context, the stock's short-term performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex by 10.53% over the past month. However, the stock's year-to-date performance is notably weaker than the benchmark, which has gained 6.91% while Elantas Beck has declined by 8.44%. The stock's recent gains may be partially offset by falling investor participation, as indicated by a 31.21% drop in delivery volume compared to the five-day average. This decline in trading activity could suggest a lack of confidence among investors, despite the stock's positive short-term performance.