Why is Engineers India falling/rising?

As of 16-Jul, Engineers India Ltd. is experiencing a decline in its stock price, currently at 246.30, reflecting a decrease of 0.7 points or 0.28%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 1.7% during this period. Additionally, the stock's performance today has underperformed its sector by 0.76%. While the stock has shown a positive return of 9.86% over the past month and a significant 34.96% year-to-date, it has struggled over the past year with a decline of 12.43%. Factors contributing to this recent downturn include a significant drop in investor participation, with delivery volume decreasing by 60.3% against the five-day average, despite the company demonstrating high management efficiency and strong recent financial results.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a decline of 1.08% over the past week. Although Engineers India has shown impressive returns over three and five years, its recent struggles highlight a poor long-term growth outlook, with net sales declining at an annual rate of 0.94% over the last five years. The stock is also trading at a premium compared to its peers, which may contribute to investor hesitance. Overall, while the company has positive attributes such as a high return on equity and low debt-to-equity ratio, the recent price movement reflects a combination of declining investor interest and concerns over long-term growth prospects.