Why is Eleganz Interior falling/rising?

As of 07-Aug, Eleganz Interiors Ltd is experiencing a decline in its stock price, currently at Rs 129.10, which reflects a decrease of Rs 5.65 or 4.19%. The stock has underperformed its sector by 3.19% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.77% during this period. The stock has shown erratic trading patterns, not trading on three out of the last twenty days, and has touched an intraday low of Rs 123, marking a significant decline of 8.72%. Additionally, while the stock is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages. There has been a notable increase in investor participation, with delivery volume rising by 104.3% against the 5-day average, indicating some interest despite the price drop.
In the broader market context, the stock's performance over the past week shows a decline of 6.31%, while the benchmark Sensex has only fallen by 0.70%, highlighting a significant underperformance relative to the market. Over the past month, Eleganz Interiors has managed a positive return of 3.36%, contrasting with the Sensex's decline of 3.40%, suggesting some resilience in the longer term despite recent volatility. The stock's high volatility today, with an intraday fluctuation of 5.52%, further emphasizes the uncertainty surrounding its current trading environment. Overall, the combination of recent price declines, erratic trading, and relative underperformance against the benchmark contributes to the current downward trend in Eleganz Interiors Ltd's stock price.