Why is Elnet Technolog falling/rising?

As of 22-Sep, Elnet Technologies Ltd's stock price is currently at Rs 384.45, reflecting a decrease of Rs 5.3 or 1.36%. Today's trading saw the stock open with a gain of 4.43% and reach an intraday high of Rs 407, but it also experienced a low of Rs 380, indicating volatility within the session. Despite outperforming its sector by 1.25% today, the stock has shown a negative trend over the past week and month, with declines of 4.84% and 1.36%, respectively. The company maintains a low debt-to-equity ratio, which is a positive factor, and has demonstrated strong long-term performance, outperforming the BSE500 over various periods, including a 4.60% return in the last year.
In the broader market context, Elnet Technologies' recent performance contrasts with the Sensex, which has seen a slight increase of 0.46% over the past week. The IT - Software sector has faced a downturn, declining by 2.6%, which may have contributed to the stock's struggles despite its historical outperformance. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 47.36% compared to the five-day average, suggesting reduced market interest. This combination of sector weakness and declining trading activity may be influencing the stock's current downward movement.