Why is Enviro Infra falling/rising?

As of 08-Jul, Enviro Infra Engineers Ltd is experiencing a decline in its stock price, currently at Rs 229.70, which reflects a decrease of Rs 3.3 or 1.42%. Today's price summary indicates that the stock underperformed its sector by 1.19%, reaching an intraday low of Rs 228.05. The stock has shown a negative return of 5.47% over the past week, while it has slightly outperformed the benchmark Sensex over the past month with a return of 1.93% compared to the Sensex's 1.85%. Despite the company's strong fundamentals, including a high return on equity and significant growth in net sales and operating profit, the stock is facing challenges such as falling investor participation, particularly from institutional investors, who have reduced their stake by 2.29% in the last quarter.
Broader market context reveals that while the stock has struggled year-to-date with a decline of 26.32%, the Sensex has gained 7.13% during the same period. This stark contrast highlights the stock's underperformance relative to the broader market. The decline in delivery volume by 53.68% against the 5-day average suggests waning interest among investors, which could be contributing to the downward pressure on the stock price. Overall, while the company has demonstrated strong operational performance, the combination of reduced institutional interest and recent price movements indicates a challenging environment for the stock.