Why is eMudhra falling/rising?

As of 18-Jul, eMudhra Ltd's stock price is currently at 795.25, reflecting a decrease of 8.6 points or 1.07%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.99%. Despite a positive performance over the past week and month, where it gained 2.99% and 7.74% respectively, the year-to-date return shows a significant decline of 15.39%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages but below its 200-day moving average. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 31.68% compared to the 5-day average, indicating reduced trading interest.
In the broader market context, eMudhra's recent performance contrasts with the Sensex, which has shown a slight decline of 0.90% over the past week. The company's fundamentals remain strong, highlighted by a high return on equity of 16.41% and consistent positive results over the last 11 quarters, which may support its long-term growth potential. However, the stock's liquidity appears sufficient for trading, yet the falling delivery volume suggests a waning interest among investors. This combination of strong fundamentals and recent negative price movement may lead to a cautious outlook among investors, contributing to the stock's current decline.