Why is Elnet Technolog falling/rising?

As of 18-Sep, Elnet Technologies Ltd's stock price is currently at 386.85, reflecting a decrease of 2.05, or 0.53%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 4.25%. Despite touching an intraday high of Rs 397.9 earlier in the day, the stock's performance today has lagged behind its sector by 1.23%. Over the past week, the stock has decreased by 3.53%, while it has shown a modest gain of 2.14% over the past month. Although the company has a low debt-to-equity ratio and has outperformed the BSE500 in the long term, it faces challenges such as poor long-term growth, with net sales declining at an annual rate of -0.18% over the last five years.
Broader Market Context: In comparison to the benchmark, the Sensex has increased by 1.80% over the past week, highlighting Elnet Technologies' underperformance in the short term. While the stock has generated a return of 3.16% over the past year, this is overshadowed by the broader market's growth, as the Sensex has risen by 6.24% year-to-date. The company's recent flat results and high valuation relative to its peers contribute to investor concerns, which may be influencing the stock's downward movement amidst a generally positive market environment.