Why is Electronics Mart falling/rising?

As of 22-Jul, Electronics Mart India Ltd is currently priced at 138.30, reflecting a slight increase of 0.4, or 0.29%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed over the past week and month, with returns of -1.67% and -7.12%, respectively. It is noteworthy that the stock is trading at a discount compared to its peers' average historical valuations, and while it has a fair valuation with a return on capital employed (ROCE) of 9.3, its profits have decreased by 13% over the past year. Additionally, the stock has high institutional holdings at 24.41%, which may provide some stability, but the company has reported negative results for the last three consecutive quarters, contributing to its overall poor performance.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.47% over the past week and a marginal decrease of 0.27% over the past month. This indicates that while Electronics Mart has outperformed its sector today by 1.55%, it has still lagged behind the broader market trends in the longer term, with a significant drop of -35.18% over the past year compared to the Sensex's gain of 2.09%. The stock's liquidity remains adequate for trading, but the overall negative sentiment surrounding its financial results and long-term performance continues to weigh heavily on investor confidence.