Why is Engineers India falling/rising?

As of 24-Sep, Engineers India Ltd. is currently priced at 202.75, reflecting a decrease of 0.85, or 0.42%. The stock has been experiencing a consecutive decline for the last two days, resulting in a total drop of 2.36% during this period. While the stock has shown a positive return of 5.82% over the past month, it has also faced a decline of 7.31% over the past year. Despite its high management efficiency, indicated by a return on equity (ROE) of 17.46%, and a low debt-to-equity ratio, the stock's performance has been negatively impacted by falling investor participation, as evidenced by a 4.88% decrease in delivery volume compared to the five-day average. Additionally, while institutional holdings have increased by 3.93% over the previous quarter, which typically indicates confidence in the stock, the recent price movement suggests a cautious sentiment among investors.
In the broader market context, Engineers India Ltd. has underperformed relative to the Sensex in the short term, with a 1-week return of -3.36% compared to the benchmark's decline of only -1.18%. This underperformance may reflect broader market conditions that are affecting investor sentiment. However, the stock has outperformed the Sensex over longer periods, such as a year-to-date return of 11.10% against the benchmark's 4.58%. The liquidity of the stock remains adequate for trading, but the recent trends in price and volume indicate a cautious outlook among investors, which may be contributing to the current price decline.