Why is Elitecon Inter. falling/rising?

As of 01-October, Elitecon International Ltd's stock price is currently at Rs 184.05, reflecting a decrease of Rs 9.65, or 4.98%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 18.49% during this period. Today, the stock opened with a loss of 4.98% and has traded within a wide range of Rs 19.3, reaching an intraday high of Rs 203.35 before settling at its current price. The stock's performance over the past week shows a significant decline of 14.42%, and over the past month, it has dropped by 40.93%. Despite a remarkable year-to-date increase of 1710.62%, the recent performance indicates a troubling trend, compounded by a drastic fall in investor participation, with delivery volume plummeting by 84.76% compared to the five-day average.
In the broader market context, the Sensex has shown a relatively minor decline of 0.90% over the past week, contrasting sharply with Elitecon's significant drop. While the sector overall has gained by 2.5%, Elitecon has underperformed by 7.46%. The stock's moving averages indicate it is currently below the 5-day, 20-day, and 50-day averages, which may signal bearish sentiment among investors. The liquidity of the stock remains adequate for trading, but the substantial drop in delivery volume suggests a lack of confidence among investors, contributing to the stock's recent price decline.