Why is Elantas Beck falling/rising?

As of 24-Jul, Elantas Beck India Ltd's stock price is currently at Rs 13,222.00, reflecting a decrease of Rs 144.65 or 1.08%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 4.58%. Today's performance indicates that it has underperformed its sector by 0.93%, and it reached an intraday low of Rs 12,920.15, which is a drop of 3.34%. Despite a strong performance over the past year with a return of 17.20%, the stock's recent movement is influenced by a decline in investor participation, as evidenced by a significant drop in delivery volume. Additionally, while the company boasts a high return on equity and consistent returns over the last three years, it faces challenges such as poor long-term growth and a recent decline in profits, which may contribute to the current downward trend.
In the broader market context, the stock's short-term performance of -5.60% over the past week contrasts sharply with the Sensex, which has only decreased by 0.09%. Although Elantas Beck has shown strong returns over longer periods, including a 15.02% increase over the past month and a remarkable 512.46% over the last five years, the recent decline suggests that investors may be reacting to the company's flat results and concerns over its valuation, which is considered expensive relative to its peers. Overall, the combination of recent poor performance, declining investor interest, and concerns about future growth appears to be driving the stock lower despite its historical successes.