Why is Engineers India falling/rising?

As of 18-Jul, Engineers India Ltd. is experiencing a decline in its stock price, currently at Rs 234.95, reflecting a decrease of Rs 5.1 or 2.12%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 6.11% during this period. Additionally, the stock's performance over the past week shows a drop of 6.02%, while its one-year return stands at -12.36%, significantly underperforming the broader market, which has only seen a decline of 0.51%. Despite some positive indicators such as high management efficiency and a notable growth in net profit, the stock's long-term growth concerns and its expensive valuation relative to peers are contributing to its recent downward trend.
In the broader market context, Engineers India Ltd. has not only underperformed the Sensex in the past year but also in the short term, with a 1-week return that is considerably worse than the benchmark. The stock's liquidity appears adequate, but a significant drop in delivery volume by 34.31% against the 5-day average indicates waning investor interest. While the company has shown strong quarterly results, the negative sentiment surrounding its long-term growth prospects and high valuation compared to historical averages is likely influencing its current price decline.