Why is Elantas Beck falling/rising?

As of 17-Sep, Elantas Beck India Ltd's stock price is currently at Rs 10,148.00, reflecting a decrease of Rs 239.0 or 2.3%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.02%. In the past week, it has dropped 7.67%, and over the past month, it has seen a decline of 8.33%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 44.25% compared to the five-day average. While the company boasts a high return on equity (ROE) of 16.20% and a low debt-to-equity ratio, its recent performance has been marred by flat results and a significant decline in profits, contributing to its negative price movement.
In the broader market context, Elantas Beck's performance has been notably weaker than the benchmark index, the Sensex, which has gained 1.56% over the past week. The stock's year-to-date return stands at -20.72%, contrasting sharply with the Sensex's positive return of 5.83%. This underperformance is further highlighted by the fact that, despite the overall market generating negative returns of -2.63% in the last year, Elantas Beck's stock has experienced a much steeper decline of -17.02%. The combination of disappointing financial results, high valuation concerns, and a lack of investor interest has contributed to the stock's downward trajectory in the current market environment.