Why is Elecon Engg.Co falling/rising?

As of 30-Jul, Elecon Engineering Company Ltd is experiencing a decline in its stock price, currently at 579.60, reflecting a decrease of 4.4 points or 0.75%. The stock has underperformed its sector by 1.46% today, with a delivery volume that has fallen by 9.15% against the 5-day average, indicating reduced investor participation. Over the past week, the stock has decreased by 2.45%, and it has shown a significant decline of 11.24% over the past month. Despite this, the company maintains a high management efficiency with a return on equity of 16.24%, a low debt-to-equity ratio of 0.05, and strong long-term growth prospects, as evidenced by an annual operating profit growth rate of 59.81%. Recent positive results, including a record operating cash flow and a substantial increase in profit after tax, suggest underlying strength, but these have not translated into immediate stock price gains.
In the broader market context, Elecon's recent performance contrasts with the benchmark Sensex, which has declined by only 1.50% over the past week and 2.54% over the past month. This indicates that while the overall market is also experiencing a downturn, Elecon's stock is underperforming relative to the benchmark. The year-to-date performance shows a decline of 8.69% for Elecon, while the Sensex has gained 4.28%, further highlighting the stock's struggles in the current market environment.