Why is Elitecon Inter. falling/rising?

As of 01-Sep, Elitecon International Ltd is experiencing a decline in its stock price, currently at Rs 311.60, which reflects a decrease of Rs 16.35 or 4.99%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 22.59% during this period. Additionally, the stock opened with a loss of 4.99% today and has not traded outside this price point. In terms of performance, the stock has seen a significant drop of 18.53% over the past week, although it has shown remarkable gains of 53.08% over the last month and an astounding 2965.42% year-to-date. Notably, there has been a drastic reduction in investor participation, with delivery volume plummeting by 89.16% against the five-day average, indicating a lack of interest from investors.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by only 1.56% over the past week, Elitecon's performance is significantly worse, highlighting its recent struggles. While the sector overall has gained by 2.5%, Elitecon's stock has not benefited from this trend, further emphasizing its underperformance. The stock's liquidity remains adequate for trading, but the recent price movements and declining investor participation suggest a challenging environment for the company, which may be contributing to the ongoing downward pressure on its stock price.