Why is Elecon Engg.Co falling/rising?

As of 12-Aug, Elecon Engineering Company Ltd is currently priced at 545.00, reflecting an increase of 4.35 (0.8%). The stock has outperformed its sector by 1.45% today and has shown a consecutive gain over the last two days, rising by 0.82% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Additionally, there has been a decline in investor participation, with delivery volume falling by 6.59% against the 5-day average. Despite these challenges, the company demonstrates high management efficiency with a return on equity (ROE) of 16.24%, a low debt-to-equity ratio of 0.05, and strong long-term growth, as evidenced by a significant increase in operating profit and net sales over the last six months.
In the broader market context, Elecon Engineering's performance over the past week shows a decline of 4.80%, while the benchmark Sensex has only decreased by 0.59%. This indicates that the stock is underperforming relative to the market. Over the past month, the stock has dropped by 12.17%, contrasting sharply with the Sensex's decline of 2.75%. Although the stock has shown impressive long-term growth with a 220.21% increase over three years and a staggering 4036.62% over five years, its recent performance has been lackluster, with a year-to-date decline of 14.14%. The stock's valuation appears expensive with a price-to-book value of 6.1, and despite profit growth of 26.1% over the past year, the negative return of -8.34% raises concerns among investors.