Why is Engineers India falling/rising?

As of 07-Jul, Engineers India Ltd. is experiencing a decline in its stock price, currently at Rs 236.35, which reflects a decrease of 6.55 points or 2.7%. Today's performance indicates that the stock has underperformed its sector by 2.33%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 235.6, showing a drop of 3.01%. Over the past week, the stock has decreased by 1.81%, while it has shown a positive return of 2.98% over the last month. Despite a strong year-to-date performance of 29.51%, the stock has underperformed over the past year with a return of -11.99%. Positive factors include high management efficiency with a return on equity of 16.04% and significant growth in net profit, but these are countered by concerns over poor long-term growth and a high valuation compared to peers.
Broader market context shows that the stock has underperformed the benchmark, the Sensex, which has only declined by 0.20% over the past week. While the stock has shown strong returns over a three-year period at 287.46%, its recent performance highlights a disconnect with broader market trends, particularly in the last year where it has generated negative returns while the market has seen modest gains. This underperformance, combined with high valuation concerns and a declining trend in sales growth, contributes to the current downward pressure on Engineers India Ltd.'s stock price.