Why is EMS falling/rising?

As of 04-Sep, EMS Ltd's stock price is currently at Rs 535.00, reflecting a decrease of Rs 6.0 or 1.11%. The stock has recently underperformed its sector, with a performance today that is down by 0.3%. After experiencing four consecutive days of gains, the stock has reversed this trend, opening with a gain of 3.46% but subsequently falling. It is also close to its 52-week low, just 1.12% away from Rs 529. The stock has shown a significant decline over the past month, down 12.51%, and a staggering 37.06% year-to-date. Despite having a low debt-to-equity ratio and healthy long-term growth in net sales, the stock's performance has been below par, with domestic mutual funds holding only a small stake, which may indicate a lack of confidence in the current price or business outlook.
In the broader market context, EMS Ltd's short-term return of 0.56% over the past week is slightly below the benchmark Sensex, which has gained 0.80% during the same period. The stock's long-term performance has also been disappointing, generating a return of -35.19% over the last year compared to the Sensex's -1.98%. This underperformance in both the near and long term, coupled with falling investor participation and trading below all major moving averages, suggests a lack of market confidence in EMS Ltd, contributing to its current price decline.