Why is Elpro Internatio falling/rising?

As of 05-Sep, Elpro International Ltd is currently priced at Rs 98.72, reflecting a decrease of Rs 1.28 or 1.28%. The stock has recently underperformed its sector by 0.61% and has experienced a trend reversal, falling after four consecutive days of gains. It touched an intraday low of Rs 96.19, indicating a decline of 3.81%. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has seen increased participation from institutional investors, who have raised their stake by 0.56%, yet it has reported negative results for the last three consecutive quarters, with a significant decline in profit after tax and net sales. This combination of factors has contributed to the stock's recent downward movement.
In the broader market context, Elpro International Ltd has shown a strong short-term performance, with a 1-week return of 18.10%, compared to a modest 1.13% gain in the Sensex. However, its year-to-date performance remains negative at -14.27%, contrasting with a 3.29% increase in the benchmark. The stock's consistent underperformance against the BSE500 over the last three years, coupled with a high valuation relative to its peers, raises concerns among investors. While rising investor participation may indicate some confidence, the negative financial results and the stock's recent price decline suggest a cautious outlook moving forward.