Why is Elecon Engg.Co falling/rising?

As of 25-Jul, Elecon Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 576.65, which reflects a decrease of Rs 12.95 or 2.2%. The stock has been on a downward trend, losing value for the last four consecutive days and showing a total decline of 4.23% during this period. In terms of performance against benchmarks, the stock has underperformed, with a 1-week return of -4.04% compared to the Sensex's -0.36%, and a 1-month return of -9.77% versus the Sensex's -1.56%. 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 5.74% drop in delivery volume against the 5-day average.
Broader Market Context: The engineering sector, particularly industrial equipment, has also faced challenges, with a decline of 2.21%. This broader sector downturn may contribute to the stock's poor performance relative to the market. While Elecon Engineering has shown strong long-term growth with an operating profit growth rate of 59.81% and positive quarterly results, the recent price movements suggest that short-term pressures and sector-wide declines are outweighing these positive fundamentals. Overall, the stock's performance is not only affected by its own metrics but also by the prevailing market conditions that are currently unfavorable.