Why is Eleganz Interior falling/rising?

As of 15-Jul, Eleganz Interiors Ltd is experiencing a decline in its stock price, currently at 138.35, which reflects a decrease of 0.55 or 0.4%. Despite this recent drop, the stock has shown strong performance over the past week, with a return of 8.38%, significantly outperforming the Sensex, which has declined by 1.28%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 96.79% against the 5-day average, suggesting heightened interest in the stock. However, the stock underperformed its sector by 0.97% today, which may have contributed to the current price decline.
In the broader market context, while Eleganz Interiors has performed well in the short term compared to the benchmark, the recent price drop could be attributed to market corrections or profit-taking after its strong gains. The Sensex has shown a modest increase of 1.93% over the past month, contrasting with Eleganz's 6.71% gain, indicating that while the stock has been performing well, it is facing some headwinds in the current trading environment. Overall, the combination of strong recent performance and increased investor activity suggests that the stock may still have potential for recovery, despite the current decline.