Why is Enviro Infra falling/rising?

As of 02-Jul, Enviro Infra Engineers Ltd is currently priced at 240.15, reflecting a decline of 2.85, or 1.17%. The stock has underperformed its sector today by 1.3%, reaching an intraday low of Rs 238.1. Over the past week, the stock has decreased by 2.89%, while it has shown a modest gain of 4.87% over the past month. Despite the company’s strong fundamentals, including a high return on equity of 27.92% and significant growth in net sales and operating profit, the stock's performance has been hampered by a very expensive valuation and a decline in institutional investor participation, which has decreased by 2.29% in the last quarter.
Broader market context indicates that while the Sensex has gained 0.79% over the past week, Enviro Infra's performance has lagged behind, highlighting a disconnect between the stock and broader market trends. The stock's year-to-date performance is particularly concerning, with a decline of 22.97% compared to a 6.75% increase in the Sensex. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that despite the company's positive financial results, external market factors and investor sentiment are contributing to the stock's current downward trajectory.