Why is Engineers India falling/rising?

As of 26-Jun, Engineers India Ltd. is currently priced at 233.60, reflecting a decrease of 0.3, or 0.13%. The stock has been experiencing a decline over the last two days, with today's performance showing a slight drop. Despite this recent downturn, the stock has demonstrated strong performance over the past week and month, with returns of 9.16% and 16.63%, respectively. It is also trading above its moving averages across various timeframes, indicating a generally positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 30.41% compared to the five-day average. While the company has reported impressive growth in net profit and maintains a high return on equity, it also faces challenges such as poor long-term growth and a high valuation compared to its peers.
In the broader market context, Engineers India has outperformed the Sensex significantly over the past week and month, with the Sensex returning 2.94% and 1.92%, respectively. This indicates that while the stock is currently facing a short-term decline, its overall performance remains strong relative to the market. The company's high management efficiency and low debt levels contribute positively to its outlook, but concerns regarding its long-term growth and valuation may be influencing investor sentiment negatively. Thus, the combination of recent price movements, investor participation, and broader market performance paints a complex picture of the stock's current standing.