Why is Elantas Beck falling/rising?

As of 18-Sep, Elantas Beck India Ltd's stock price is currently at 10,110.10, reflecting a decrease of 37.9 points or 0.37%. The stock has been experiencing a downward trend, having lost 4.38% over the last three days, and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a rise in delivery volume by 83.21% against the 5-day average, the stock's performance over the past week and month shows declines of 4.45% and 6.13%, respectively. Additionally, the stock has underperformed significantly with a year-to-date return of -21.01% compared to a positive 6.24% for the broader market. Factors contributing to this decline include flat operating results and a significant drop in profits, which have fallen by 11.7% over the past year, alongside a high valuation indicated by a Price to Book Value of 8.6.
In the broader market context, the stock's recent performance has been notably weaker than the benchmark, with the Sensex gaining 1.80% over the past week and 2.14% over the past month. This underperformance is further highlighted by the stock's return of -17.38% over the last year, which starkly contrasts with the BSE500's negative return of -1.96%. While the company boasts high management efficiency and a low debt-to-equity ratio, these positive factors are overshadowed by the recent flat results and the significant decline in profits, leading to a cautious outlook among investors.