Why is Engineers India falling/rising?

As of 11-Jun, Engineers India Ltd. is experiencing a decline in its stock price, currently at Rs 230.00, which represents a decrease of Rs 12.6 or 5.19%. Today's performance indicates that the stock has underperformed its sector by 5.68% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 228.15, reflecting a drop of 5.96%. Despite a strong year-to-date return of 26.03% and a significant net profit growth of 158.44%, the stock is technically in a bearish trend, having generated negative returns since the improvement from a sideways trend on 10-Jun-25. The company maintains a high management efficiency with a return on equity of 16.04% and a low debt-to-equity ratio, which are positive factors, but the recent price movement suggests a shift in investor sentiment.
Broader market context shows that while Engineers India has had a strong performance over the past month with a return of 31.47%, it is currently underperforming compared to the Sensex, which has gained 1.87% in the same week. The stock's recent decline may be influenced by a broader market trend, as indicated by the rising investor participation with a significant increase in delivery volume, suggesting that while some investors are buying, others may be taking profits or reacting to the stock's recent volatility. Overall, the combination of technical indicators pointing to a bearish trend and the stock's underperformance relative to the benchmark may be contributing to the current price decline.