Why is Engineers India falling/rising?

As of 13-Aug, Engineers India Ltd. is currently priced at 201.40, reflecting a decline of 0.45, or 0.22%. The stock has underperformed its sector by 0.25% today and has experienced a trend reversal after two consecutive days of gains. Additionally, the stock's performance over the past week shows a decrease of 1.68%, while its one-month return is significantly lower at -19.44%. Despite these short-term declines, the company has demonstrated strong fundamentals, including a high return on equity of 16.04% and a low debt-to-equity ratio. The recent financial results indicated a substantial growth in net profit of 158.44%, which may support a more stable outlook in the long term. However, the falling investor participation, evidenced by an 18.87% drop in delivery volume compared to the five-day average, suggests a lack of confidence among investors.
In the broader market context, the Sensex has shown minimal movement with a change of -0.01% over the past week, indicating that the stock's short-term decline is not entirely reflective of the overall market trend. While Engineers India has outperformed the Sensex year-to-date with a return of 10.36% compared to the benchmark's 3.07%, its one-year performance of -8.45% contrasts sharply with the Sensex's positive return of 2.01%. This disparity highlights the stock's recent struggles despite its historical growth over three and five years, where it has achieved returns of 197.71% and 198.59%, respectively. The combination of recent underperformance and declining investor interest may be contributing to the current price movement.