Why is Elantas Beck falling/rising?

As of 23-Sep, Elantas Beck India Ltd's stock price is currently at 10,199.90, reflecting an increase of 103.45 (1.02%). Despite this positive movement today, the stock has underperformed over the past week, showing a decline of 1.80%, and a significant drop of 20.31% year-to-date. Today's performance indicates that the stock outperformed its sector by 1.58%, and it reached an intraday high of Rs 10,297.9, which is a 2% increase. However, it is trading below its moving averages across various timeframes, and there has been a notable decrease in investor participation, with delivery volume falling by 67.54% compared to the five-day average. The company has shown high management efficiency with a return on equity (ROE) of 16.20% and a low debt-to-equity ratio, but it has also faced challenges, including flat results in June and a significant decline in profits over the past year.
Broader market context indicates that while the overall market, represented by the Sensex, has shown a slight decline of 0.34% over the past week, Elantas Beck's performance has been considerably worse, with a year-over-year return of -16.38% compared to the market's -3.33%. This underperformance is exacerbated by the company's flat operating cash flow and reliance on non-operating income, which constitutes a significant portion of its profit before tax. Although the stock is trading at a discount compared to its peers, the high valuation metrics and declining profits suggest that investor sentiment remains cautious, contributing to the stock's volatility and recent price movements.