Why is Engineers India falling/rising?

As of 19-Aug, Engineers India Ltd. has seen its stock price rise to 195.95, reflecting an increase of 4.75 or 2.48%. The stock has been gaining for the last two days, with a total return of 2.89% during this period. Despite this recent uptick, the stock has underperformed over the past week and month, with declines of 2.92% and 16.60%, respectively. The company has a high management efficiency indicated by a return on equity (ROE) of 16.04% and a low debt-to-equity ratio, which may contribute positively to investor sentiment. However, the stock's valuation appears expensive with a price-to-book ratio of 4.6, and recent financial results have shown significant declines in profit before tax and profit after tax compared to previous quarters, which raises concerns about long-term growth.
In the broader market context, while the Sensex has gained 1.76% over the past week, Engineers India Ltd. has lagged behind, indicating a relative weakness in performance. The stock's recent gains have outperformed its sector by 1.49%, but the overall trend shows a significant underperformance over the last year, where it has declined by 11.13% compared to the benchmark's slight gain of 1.52%. Additionally, the falling investor participation, with a decrease in delivery volume, suggests a lack of confidence among retail investors, which could further impact the stock's performance moving forward.