Why is Elitecon Inter. falling/rising?

As of 29-Sep, Elitecon International Ltd's stock price is currently at 203.85, reflecting a decline of 10.7 points or 4.99%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 9.72% during this period. It opened the day with a loss of 4.99% and has not fluctuated from this price point. Despite the stock being higher than its 100-day and 200-day moving averages, it is lower than its 5-day, 20-day, and 50-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 432.44% compared to the 5-day average, indicating heightened interest despite the recent price drop.
In the broader market context, Elitecon's short-term performance contrasts sharply with the benchmark, as it has gained 4.48% over the past week while the Sensex has declined by 2.18%. However, over the past month, the stock has experienced a substantial decline of 37.84%, while the Sensex has remained relatively stable with a 0.70% increase. This suggests that while the stock has shown some resilience in the short term, its longer-term performance has been significantly negative, contributing to the current downward pressure on its price. The absence of any positive or negative dashboard data limits further insights into specific factors influencing the stock's recent movement.