Why is Elantas Beck falling/rising?

As of 15-Oct, Elantas Beck India Ltd's stock price is currently at 9,598.90, reflecting an increase of 50.4, or 0.53%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Additionally, the stock has underperformed significantly over the past year, with a return of -32.43%, while the broader market has only seen a decline of -1.87%. Factors contributing to this movement include high management efficiency with a return on equity (ROE) of 16.20% and a low debt-to-equity ratio, but the stock is considered expensive with a price-to-book value of 8.2, and its profits have fallen by -11.7% over the past year.
In the broader market context, the stock's short-term performance has been negative, with a 1-week return of -3.39%, while the benchmark Sensex has gained 1.02% during the same period. This stark contrast highlights the stock's struggles relative to the market. Despite a healthy long-term growth rate in operating profit of 32.95%, the flat results reported in June and the significant reliance on non-operating income have raised concerns among investors. The falling investor participation, evidenced by a 36.94% drop in delivery volume, further underscores the challenges faced by Elantas Beck in attracting and retaining investor interest.