Why is Elitecon Inter. falling/rising?

As of 08-Sep, Elitecon International Ltd's stock price is currently at Rs 241.20, reflecting a decrease of Rs 12.65 or 4.98%. The stock has been on a downward trend, having underperformed its sector by 2.72% today and experiencing a consecutive fall over the last 10 days, resulting in a total decline of 40.08% during this period. The stock opened with a loss of 4.98% today and has not traded outside this price point. Additionally, the stock's performance over the past week shows a significant decline of 22.59%, while it has also fallen by 7.11% over the past month. Despite a remarkable year-to-date increase of 2272.85%, the recent negative momentum is evident, compounded by a 26.25% drop in delivery volume against the five-day average, indicating reduced investor participation.
In the broader market context, the Sensex has shown a slight gain of 0.53% over the past week, contrasting with the substantial decline in Elitecon's stock. This underperformance highlights the stock's struggle relative to the benchmark. Furthermore, while the stock remains above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, suggesting a bearish trend in the short term. The overall trading environment has also seen a decline of 2.24% in the sector, which may be contributing to the stock's challenges.