Why is Engineers India falling/rising?

As of 08-Aug, Engineers India Ltd. is experiencing a decline in its stock price, currently at Rs 199.55, which reflects a decrease of Rs 3.45 or 1.7%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.47% during this period. Additionally, the stock has underperformed its sector by 0.83% today. In terms of returns, the stock has seen a significant drop of 17.40% over the past month and 12.46% over the past year, contrasting with a positive year-to-date return of 9.34%. The stock is currently trading higher than its 200-day moving average but lower than its shorter-term moving averages, indicating mixed momentum. There is a notable increase in investor participation, with delivery volume rising by 17.48% against the 5-day average, suggesting some interest despite the recent price decline.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.92% over the past week. While the stock has shown strong long-term growth with a 200.75% increase over the past three and five years, its recent performance indicates a struggle to maintain momentum in the face of broader market conditions. The overall liquidity of the stock remains adequate, allowing for trades of Rs 0.74 crore, which may help stabilize its price in the near term. However, the persistent downward trend and underperformance relative to the benchmark suggest that investors are currently cautious about the stock's prospects.