Why is Elantas Beck falling/rising?

As of 29-Jul, Elantas Beck India Ltd's stock price is currently at Rs 12,068.90, reflecting a decrease of Rs 119.1 or 0.98%. The stock has been on a downward trend, having underperformed its sector by 1.4% today and experiencing a consecutive fall over the last six days, resulting in a total decline of 12.9% during this period. The stock has also shown negative returns over the past week and month, with declines of 11.42% and 4.31%, respectively. Despite having a high management efficiency indicated by a return on equity of 15.14% and a low debt-to-equity ratio, these positive factors have not been sufficient to counteract the recent price drop.
In the broader market context, Elantas Beck's performance contrasts with the benchmark Sensex, which has only declined by 1.03% over the past week. The stock's year-to-date performance is also concerning, with a decline of 5.71%, while the Sensex has gained 4.09% in the same timeframe. The falling investor participation, as evidenced by a 24.04% drop in delivery volume compared to the five-day average, further indicates a lack of confidence among investors, contributing to the stock's recent struggles.