Why is eMudhra falling/rising?

As of 22-Jul, eMudhra Ltd's stock price is currently at Rs 811.65, reflecting a decrease of Rs 13.8 or 1.67%. Today's price summary indicates that the stock has underperformed its sector by 1.45%, with an intraday low of Rs 808.4, marking a decline of 2.07%. Over the past week, the stock has shown a positive return of 2.33%, and over the past month, it has increased by 11.36%. Despite this recent growth, the year-to-date performance remains negative at -13.65%. The company has demonstrated strong fundamentals, including a high return on equity of 16.41%, a low debt-to-equity ratio, and consistent positive results over the last 11 quarters, which may support investor confidence despite the current price decline.
In the broader market context, eMudhra's recent performance contrasts with the Sensex, which has seen a slight decline of 0.47% over the past week and 0.27% over the past month. While eMudhra has outperformed the benchmark in the short term, its year-to-date performance lags behind the Sensex's gain of 5.18%. The stock's liquidity is adequate, with a delivery volume increase of 21.82% against the 5-day average, indicating rising investor participation. However, the stock's current price movement suggests that despite strong fundamentals and positive growth indicators, market sentiment may be influencing the recent decline.