Why is Elantas Beck falling/rising?

As of 19-Nov, Elantas Beck India Ltd is experiencing a decline in its stock price, currently at Rs 9,375.25, which represents a decrease of Rs 168.95 or 1.77%. The stock has underperformed its sector by 1.63% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.32%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite showing high management efficiency with a return on equity (ROE) of 15.82% and low debt levels, the stock has faced significant challenges, including a 27.19% drop in returns over the past year, alongside a 5.9% decrease in profits.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, as it has generated negative returns of 27.19% over the past year, while the BSE500 index has seen a positive return of 8.18%. This stark contrast highlights the stock's struggle to keep pace with market trends. Furthermore, the falling investor participation, evidenced by a 34.13% drop in delivery volume compared to the 5-day average, suggests a lack of confidence among investors, contributing to the stock's current decline.