Why is Elantas Beck falling/rising?

As of 04-Aug, Elantas Beck India Ltd is experiencing a decline in its stock price, currently at Rs 11,590.00, which reflects a decrease of Rs 176.0 or 1.5%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.21% during this period. Despite opening with a gain of 3.23% today and reaching an intraday high of Rs 12,190, it also touched a low of Rs 11,100, indicating significant volatility. Over the past week, the stock has underperformed the sector by 2.08%, and its year-to-date return stands at -9.45%, contrasting with the Sensex's positive return of 3.69%. The stock's moving averages show it is currently lower than the 5-day, 20-day, and 50-day averages, although it remains above the 100-day and 200-day averages. Additionally, there has been a decline in investor participation, with delivery volume decreasing by 8.93% against the 5-day average.
In the broader market context, Elantas Beck's short-term performance has been notably weaker than the benchmark Sensex, which has gained 0.16% over the past week. This underperformance is highlighted by the stock's negative returns in both the 1-week and 1-month periods, while the Sensex has maintained a relatively stable position. Despite the company's 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 downward trend in stock price. The liquidity of the stock remains adequate for trading, but the overall market sentiment appears to be affecting its performance negatively.