Why is Elgi Equipments falling/rising?

As of 25-Jul, Elgi Equipments Ltd is experiencing a decline in its stock price, currently at Rs 572.40, reflecting a decrease of Rs 20.6 or 3.47%. Today's price summary indicates that the stock has underperformed its sector by 0.77% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 570.8, and trading volume has decreased significantly, with delivery volume falling by 29.75% compared to the five-day average. Despite this decline, the stock has shown positive long-term performance, with a 54.97% increase over three years and a substantial 582.24% rise over five years. The company maintains a high management efficiency with a return on capital employed (ROCE) of 21.98% and a low debt to EBITDA ratio of 0.44 times, indicating strong financial health.
In the broader market context, the Sensex has shown a slight decline of 0.36% over the past week, while Elgi Equipments has outperformed the benchmark with a 3.67% increase in the same period. However, the stock has underperformed over the longer term, with a year-to-date decline of 1.03% compared to the Sensex's gain of 4.25%. The overall sector, specifically compressors and pumps, has also faced a downturn, falling by 2.7%. Despite the current price drop, Elgi Equipments remains a significant player in its sector, constituting 21.14% of the industry, which may provide some resilience against broader market fluctuations.