Why is Elantas Beck falling/rising?

As of 31-Jul, Elantas Beck India Ltd is experiencing a decline in its stock price, currently at Rs 12,299.95, which reflects a decrease of Rs 190.05 or 1.52%. The stock has underperformed its sector by 0.46% today and reached an intraday low of Rs 12,133.1, marking a drop of 2.86%. Over the past week, the stock has seen a significant decline of 6.97%, while it has also fallen by 3.79% over the past month. Despite these short-term challenges, the company boasts a high management efficiency with a return on equity (ROE) of 15.14% and maintains a low debt-to-equity ratio, which may provide some stability amid the current price drop. Additionally, the stock's delivery volume has increased significantly, indicating rising investor participation, which could be a positive sign for future performance.
In the broader market context, the Sensex has decreased by 1.22% over the past week, suggesting that the stock's decline is somewhat aligned with the overall market trend. However, Elantas Beck's year-to-date performance shows a decline of 3.91%, contrasting with the Sensex's gain of 3.90%, indicating that the stock has underperformed relative to the benchmark. The stock's moving averages indicate a mixed picture, being higher than the 50-day, 100-day, and 200-day averages but lower than the 5-day and 20-day averages, which may suggest volatility in the short term. Overall, while there are some positive factors at play, the recent price movement reflects a combination of sector underperformance and broader market pressures.