Why is Elantas Beck falling/rising?

As of 16-Jul, Elantas Beck India Ltd is experiencing a decline in its stock price, currently at Rs 13,240.85, which reflects a decrease of Rs 151.65 or 1.13%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 3.99% during this period. Despite this short-term downturn, the stock has shown strong performance over longer periods, with a 24.91% increase over the past month and a remarkable 207.81% rise over the last three years. However, today's trading activity indicates a lack of investor participation, with delivery volume dropping by 53% compared to the five-day average, which may contribute to the recent price decline.
In the broader market context, Elantas Beck's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 1.08% over the past week. While the stock has outperformed the Sensex over the past year and three years, the current short-term underperformance suggests a potential disconnect with broader market trends. The company's high management efficiency, indicated by a return on equity of 15.14% and a low debt-to-equity ratio, supports its long-term viability. However, the recent drop in delivery volume and consecutive price falls may indicate short-term investor caution, despite the stock's historical consistency in generating returns.