Why is Enviro Infra falling/rising?

As of 01-Aug, Enviro Infra Engineers Ltd is experiencing a decline in its stock price, currently at Rs 245.60, which reflects a decrease of Rs 7.4 or 2.92%. The stock has been underperforming, having fallen for the last 10 consecutive days, resulting in a total decline of 13.93% during this period. Today's performance indicates that the stock underperformed its sector by 0.82%, with an intraday low of Rs 244.9. Over the past week, the stock has decreased by 7.29%, while it has shown a slight increase of 1.07% over the past month. However, the year-to-date performance reveals a significant decline of 21.22%. Despite positive indicators such as high management efficiency and healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive, and there has been a notable decrease in institutional investor participation, which may be contributing to the downward pressure on the stock price.
In the broader market context, the Sensex has experienced a minor decline of 1.06% over the past week, indicating that while Enviro Infra's performance is poor, it is not entirely isolated from the market trends. The engineering sector, specifically industrial equipment, has also seen a decline of 2.13%, reflecting a challenging environment for stocks in this category. The stock's liquidity remains adequate, but the falling delivery volume suggests waning investor interest, which could further exacerbate the stock's decline. Overall, the combination of negative sentiment from institutional investors, high valuation concerns, and sector-wide challenges are likely contributing to the stock's recent downward trajectory.