Why is Engineers India falling/rising?

As of 03-Jul, Engineers India Ltd. is currently priced at 235.00, reflecting an increase of 0.45 (0.19%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it underperformed its sector by 0.99% today, and there has been a notable decrease in investor participation, with delivery volume falling by 54% compared to the 5-day average. Over the past week, the stock has increased by 0.60%, while it has outperformed the benchmark Sensex over the year-to-date with a return of 28.77% compared to the Sensex's 6.53%. Despite this, the stock has underperformed over the last year, generating a return of -10.75%. Positive factors include a high management efficiency reflected in a 16.04% ROE and significant growth in net profit, but the company faces risks such as poor long-term growth and a high valuation compared to peers.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the market over the last year, which has generated returns of 2.20%. While the stock has shown resilience in the short term, the overall negative return over the past year indicates challenges in maintaining investor confidence. The company's high debt-to-equity ratio and premium valuation compared to historical averages may also contribute to the cautious sentiment among investors, despite its recent positive earnings report.