Why is Electronics Mart falling/rising?

As of 17-Jul, Electronics Mart India Ltd is experiencing a decline in its stock price, currently at Rs 138.85, reflecting a decrease of Rs 2.5 or 1.77%. The stock has underperformed its sector today, falling after two consecutive days of gains. It reached an intraday high of Rs 144.4 but also touched a low of Rs 138.2, indicating volatility within the trading session. Over the past week, the stock has decreased by 3.58%, while it has shown a modest increase of 3.46% over the past month. However, the stock's year-to-date performance is significantly negative at -15.31%, and it has underperformed the market over the last year with a staggering decline of 37.68%. Contributing to this decline are negative financial results over the past three quarters, with profits falling by 13% and a low return on capital employed (ROCE) of 9.3, suggesting that the stock is trading at a fair valuation but under pressure due to poor performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.12% over the past week and has gained 5.27% year-to-date. This indicates that while the overall market has shown resilience, Electronics Mart has struggled significantly. The stock's high institutional holdings at 24.41% may suggest that informed investors are closely monitoring its fundamentals, yet the negative trends in profitability and the stock's substantial underperformance relative to the market could be leading to decreased investor confidence and participation.