Why is Elantas Beck falling/rising?

As of 24-Sep, Elantas Beck India Ltd's stock price is currently at 10,099.85, reflecting a decrease of 90.4 points or 0.89%. The stock has underperformed its sector today by 0.4% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 53.95% compared to the 5-day average. Over the past year, the stock has generated a return of -17.21%, which is notably worse than the broader market's decline of -3.77%. Despite having a high management efficiency indicated by a 16.20% ROE and a low debt-to-equity ratio, the company's flat results in June 2025 and a significant portion of profit coming from non-operating income have raised concerns about its valuation, which is considered very expensive at an 8.6 Price to Book Value.
In the broader market context, Elantas Beck's short-term performance has been relatively weak, with a 1-week return of -0.47%, compared to the Sensex's decline of 1.18%. This underperformance is further highlighted by the stock's year-to-date return of -21.09%, contrasting sharply with the Sensex's gain of 4.58%. The stock's recent struggles, including a drop in operating cash flow and a decline in profits by 11.7% over the past year, suggest that it has not kept pace with market expectations, leading to a lack of investor confidence and contributing to its current downward trajectory.