Why is Electronics Mart falling/rising?

As of 29-Jul, Electronics Mart India Ltd is currently priced at 128.90, reflecting an increase of 0.6 or 0.47%. The stock has recently experienced a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 6.80%, and it has underperformed significantly over the last month and year, with returns of -12.85% and -42.63%, respectively. Despite a high institutional holding of 24.41%, which suggests confidence from larger investors, the company has reported negative results for the last three consecutive quarters, contributing to its declining performance.
In the broader market context, the stock's performance has been notably worse than the benchmark Sensex, which has only declined by 1.03% over the past week. The stock's significant underperformance over the last year, with a return of -42.63% compared to the Sensex's near flat performance, highlights ongoing challenges for Electronics Mart. The company's falling profits and low return on capital employed (ROCE) further exacerbate its negative outlook, making it less attractive to investors despite its current price increase.