Why is Elitecon Inter. falling/rising?

As of 09-Oct, Elitecon International Ltd's stock price is currently at Rs 142.50, reflecting a decrease of Rs 7.5 or 5.0%. The stock has been on a downward trend, having underperformed its sector by 5.87% today and experiencing a consecutive decline over the last nine days, resulting in a total drop of 36.89% during this period. The stock opened with a loss of 5% and has remained at this price level throughout the day. Additionally, the stock's performance over the past week shows a significant decline of 22.58%, and over the past month, it has fallen by 37.81%. While the stock has shown remarkable year-to-date and one-year returns of 1301.87% and 4046.06% respectively, the recent negative performance indicates a shift in investor sentiment. There is also a notable decrease in investor participation, with delivery volume dropping by 87.56% compared to the five-day average, which may further contribute to the stock's decline.
In the broader market context, the Sensex has shown a positive return of 1.47% over the past week and 1.32% over the past month, contrasting sharply with Elitecon's significant losses during the same periods. This underperformance against the benchmark suggests that the stock is not only facing company-specific challenges but is also lagging behind the overall market trend. The liquidity of the stock remains adequate for trading, but the persistent decline and falling investor interest may indicate a lack of confidence among investors, further exacerbating the stock's downward movement.