Why is Enviro Infra falling/rising?

As of 25-Jul, Enviro Infra Engineers Ltd is experiencing a decline in its stock price, currently at Rs 264.90, which reflects a decrease of Rs 11.35 or 4.11%. The stock has been underperforming recently, having fallen consecutively for the last five days, resulting in a total decline of 7.17% over that period. Despite opening with a gain of 2.24% today and reaching an intraday high of Rs 285.95, it quickly dropped to a low of Rs 263.90. The stock's performance over the past month shows a modest increase of 7.12%, but year-to-date, it has declined by 15.03%. Positive factors such as high management efficiency, a low debt-to-equity ratio, and strong growth in net sales and operating profit have been overshadowed by a very expensive valuation and falling participation from institutional investors, which may contribute to the stock's recent downward trend.
In the broader market context, the stock has underperformed compared to the Sensex, which has only declined by 0.36% over the past week. The engineering sector, specifically industrial equipment, has also faced a downturn, falling by 2.25%. The stock's liquidity remains adequate, but a significant drop in delivery volume indicates waning investor interest. Institutional investors have reduced their stakes, which may further impact the stock's performance as these investors typically have more resources to analyze company fundamentals. Overall, while there are positive indicators for the company's growth, the recent price movement reflects a combination of market pressures and declining investor confidence.