Why is Electronics Mart falling/rising?

As of 25-Jul, Electronics Mart India Ltd is experiencing a decline in its stock price, currently at Rs 132.05, which reflects a decrease of Rs 3.95 or 2.9%. The stock has underperformed its sector today by 2.55%, touching an intraday low of Rs 131.55. Over the past week, the stock has dropped by 4.73%, and it has seen a significant decline of 39.30% over the last year. The company's recent performance has been concerning, with negative results reported for the last three consecutive quarters, including a 21.9% fall in profit before tax compared to the previous four-quarter average. Despite a fair valuation indicated by a return on capital employed (ROCE) of 9.3% and high institutional holdings at 24.41%, the stock's profits have decreased by 13%, contributing to its downward trend.
In the broader market context, the Sensex has only declined by 0.36% over the past week, indicating that Electronics Mart's performance is significantly worse than the overall market. The stock's year-to-date performance shows a stark contrast, with a decline of 19.46% compared to a 4.25% increase in the Sensex. This underperformance is further highlighted by the falling investor participation, with delivery volume dropping by 47.34% against the five-day average, suggesting a lack of confidence among investors. Overall, the combination of negative financial results, poor short-term performance relative to the benchmark, and reduced trading activity has led to the stock's current decline.