Why is Engineers India falling/rising?

As of 25-Jun, Engineers India Ltd. is currently priced at 233.90, reflecting a decrease of 0.4, or 0.17%. The stock has recently underperformed its sector by 1.17% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 4.91% and 17.33%, respectively. The company reported very positive results in March, with a significant growth in net profit of 158.44%, and has a high return on equity (ROE) of 16.04%. However, it faces challenges with poor long-term growth, as net sales have declined at an annual rate of 0.94% over the last five years, and it has underperformed the market over the past year with a return of -7.44%.
In the broader market context, Engineers India has outperformed the benchmark Sensex in the short term, with a 1-week return of 4.91% compared to the Sensex's 1.61%. However, the stock's long-term performance has been lackluster, generating negative returns while the market has seen positive growth. The stock is currently trading at a premium compared to its peers, which may contribute to its volatility. Despite the recent decline, the rising investor participation indicated by a significant increase in delivery volume suggests ongoing interest in the stock, although its high valuation and underperformance in the last year present risks for investors.