Why is Evans Electric falling/rising?

As of 14-Jul, Evans Electric Ltd is experiencing a decline in its stock price, currently at 179.15, which reflects a decrease of 5.85 points or 3.16%. The stock has underperformed its sector by 2.44% today and has been on a downward trend for the last two days, accumulating a total loss of 5.74% during this period. It opened the day with a significant loss of 4.97%, reaching an intraday low of Rs 175.8. Over the past week, the stock has declined by 5.91%, while its performance over the last month shows a modest gain of 5.10%. However, year-to-date, the stock has slightly underperformed the benchmark with a loss of 0.56% compared to the Sensex's gain of 5.27%. Notably, the stock remains above its 50-day, 100-day, and 200-day moving averages, but it is below its 5-day and 20-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 63.24% against the 5-day average.
In the broader market context, the Sensex has only declined by 1.42% over the past week, indicating that Evans Electric's recent performance is considerably worse than the overall market. The stock's year-on-year return of 32.70% is impressive compared to the Sensex's 2.15%, but the recent short-term trends suggest a shift in investor sentiment. The liquidity of the stock remains adequate for trading, but the falling delivery volume indicates a lack of confidence among investors, which could further contribute to the stock's decline. Overall, the combination of recent poor performance, reduced investor participation, and a significant drop in price today suggests that Evans Electric is facing challenges that are impacting its stock negatively.