Why is EMS falling/rising?

As of 19-Aug, EMS Ltd's stock price is currently at 553.85, reflecting a decrease of 2.95, or 0.53%. The stock has underperformed significantly, with a 1-week return of -4.67% and a 1-month return of -12.70%. Additionally, it is trading close to its 52-week low, just 0.88% away from Rs 548.95. The stock is consistently below its moving averages across various time frames, indicating a bearish trend. Furthermore, investor participation has declined, with delivery volume falling by 4.62% compared to the 5-day average. Despite having a low debt-to-equity ratio and healthy long-term growth in net sales, the company has reported flat results in its latest quarter, with both profit before tax and profit after tax declining compared to previous averages. This, combined with an expensive valuation relative to its return on equity and low domestic mutual fund ownership, suggests a lack of confidence among investors.
In the broader market context, EMS Ltd's performance has been notably poor compared to the Sensex, which has gained 1.76% over the past week while EMS has lost 4.67%. The stock's year-to-date return of -34.84% starkly contrasts with the Sensex's positive return of 4.49%. This underperformance is further highlighted by the stock's negative returns over the past year and three years, indicating a consistent trend of decline relative to the broader market. The combination of weak financial results, declining investor interest, and a lack of support from institutional investors contributes to the stock's downward trajectory in a market that is otherwise showing resilience.