Why is Electronics Mart falling/rising?

As of 18-Jul, Electronics Mart India Ltd is currently priced at 138.60, reflecting a decline of 0.25 or 0.18%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 1.95%. Over the past week, the stock has decreased by 2.36%, and it has significantly underperformed the market with a year-to-date decline of 15.46%. Despite a recent increase in investor participation, with delivery volume rising by 219.2% against the 5-day average, the stock's overall performance has been negatively impacted by three consecutive quarters of negative results, including a 21.9% drop in profit before tax compared to the previous four-quarter average. Furthermore, the stock is trading at a discount compared to its peers, but its return of -37.89% over the past year indicates significant challenges, including a 13% decline in profits.
In the broader market context, the Sensex has shown a slight increase of 0.38% over the past month, contrasting sharply with Electronics Mart's 13.19% decline during the same period. This disparity highlights the stock's struggle to keep pace with the market, as it has underperformed the BSE500, which recorded a negative return of only 0.36% over the last year. The high institutional holdings at 24.41% suggest that more sophisticated investors are aware of the company's fundamental challenges, which may contribute to the stock's downward pressure. Overall, the combination of poor financial results, significant underperformance relative to the market, and a lack of positive momentum in the stock price are key factors contributing to its current decline.