Why is Engineers India falling/rising?

As of 25-Jul, Engineers India Ltd. is experiencing a decline in its stock price, currently at Rs 228.10, which reflects a decrease of Rs 6.85 or 2.92%. The stock has underperformed its sector by 1.08% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.84% during this period. Over the past week, the stock has also seen a decrease of 2.92%, while its year-to-date performance remains positive at 24.99%. Despite high management efficiency and significant growth in net profit, the stock faces challenges with poor long-term growth and high valuation metrics, which may be contributing to its recent price drop.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 0.36% over the same week. This underperformance is further highlighted by the stock's annual return of -10.41%, contrasting sharply with the market's slight negative return of -0.19% over the past year. The stock's high institutional holdings suggest some confidence among larger investors, but the overall negative sentiment and the company's struggles with long-term growth may be weighing heavily on its current price movement.