Why is Elecon Engg.Co falling/rising?

As of 24-Jul, Elecon Engineering Company Ltd's stock price is currently at 589.60, reflecting a decline of 4.55 points or 0.77%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.08% during this period. Additionally, the stock's performance over the past week shows a decrease of 2.87%, while its one-month return is down by 6.14%. Despite having a high management efficiency indicated by a return on equity of 16.24% and a low debt-to-equity ratio, the stock's recent movement is negatively impacted by falling investor participation, as evidenced by a 2.15% drop in delivery volume compared to the five-day average.
In the broader market context, Elecon's short-term performance contrasts sharply with the benchmark Sensex, which has only decreased by 0.09% over the past week. The stock's year-to-date performance is also concerning, with a decline of 7.11% compared to the Sensex's gain of 5.18%. While the company has shown healthy long-term growth with an operating profit growth rate of 59.81% and positive quarterly results, these factors have not been sufficient to counteract the recent downward trend in stock price and investor sentiment.