Why is Engineers India falling/rising?

As of 14-Aug, Engineers India Ltd. is experiencing a decline in its stock price, currently at Rs 190.45, which reflects a decrease of Rs 10.95 or 5.44%. The stock has underperformed its sector by 4.86% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.65%. Over the past week, the stock has fallen by 6.18%, and in the last month, it has seen a significant drop of 23.54%. Despite a year-to-date increase of 4.36%, the stock's long-term performance has been disappointing, with a one-year return of -10.86%. Factors contributing to this decline include poor long-term growth, as evidenced by a negative annual growth rate in net sales and disappointing quarterly results, which showed substantial declines in profit before tax and profit after tax compared to previous averages.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has remained relatively stable with a minimal decline of only 0.03% over the past week. While Engineers India has high management efficiency and institutional holdings, these positives are overshadowed by its expensive valuation and poor growth prospects. The stock's price is trading below all key moving averages, indicating a bearish trend, and despite increased investor participation, the overall sentiment remains negative due to the company's inability to generate consistent profits and its significant underperformance relative to the market over the past year.