Why is Engineers India falling/rising?

As of 04-September, Engineers India Ltd. is experiencing a decline in its stock price, currently at 199.55, which reflects a decrease of 2.3 or 1.14%. The stock has underperformed its sector by 0.33% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.8% during this period. Over the past week, the stock has decreased by 0.32%, and over the last month, it has fallen by 5.47%. Despite a year-to-date increase of 9.34%, the stock has shown a significant decline of 8.63% over the past year. The trading volume has also decreased, with a notable 45.78% drop in delivery volume compared to the five-day average, indicating falling investor participation. However, the company maintains a high management efficiency with a return on equity of 16.04% and a low debt-to-equity ratio, alongside a 3.93% increase in institutional holdings over the previous quarter, which suggests some underlying strength.
In the broader market context, the Sensex has increased by 0.80% over the past week, contrasting with Engineers India’s decline, indicating that the stock is not keeping pace with the overall market performance. While the stock has shown strong returns over the longer term, with a 194.10% increase over three years, its recent performance has been lackluster compared to the benchmark, which has only risen by 37.27% in the same period. The current liquidity of the stock remains adequate for trading, but the recent trends in price movement and investor participation suggest a cautious sentiment among investors, contributing to the stock's current downward trajectory.