Why is Elpro Internatio falling/rising?

As of 08-Jul, Elpro International Ltd's stock is currently priced at 103.45, reflecting a decrease of 0.9, or 0.86%. The stock has underperformed its sector by 1.97% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.41%. Despite a healthy long-term growth rate in net sales of 30.08%, the company has faced significant challenges, including a 110.02% fall in profit before tax (PBT) and negative results over the last two consecutive quarters. Additionally, net sales for the most recent quarter have fallen by 39.5%, and profit after tax (PAT) has decreased by 64.4% compared to the previous four-quarter average. The stock's valuation appears expensive, with a return on capital employed (ROCE) of 3.2 and a premium compared to peers, contributing to investor concerns.
In the broader market context, the stock has underperformed the Sensex, which has shown a slight increase of 0.02% over the past week, while Elpro's stock has declined by 6.46%. The year-to-date performance also highlights a stark contrast, with Elpro's stock down 10.16% compared to the Sensex's gain of 7.13%. Furthermore, there has been a notable decrease in institutional investor participation, with a reduction of 0.67% in their stake, indicating a lack of confidence in the company's fundamentals. This combination of poor financial performance, high valuation, and declining investor interest has contributed to the stock's recent downward trajectory.