Why is Evans Electric falling/rising?

As of 22-Sep, Evans Electric Ltd is experiencing a decline in its stock price, currently at 165.00, which reflects a decrease of 3.0 points or 1.79%. The stock has underperformed its sector by 1.55% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.04% during this period. Although the stock reached an intraday high of Rs 174, the overall trading volume has shown a significant drop, with delivery volume falling by 37.5% against the 5-day average. In terms of performance over different periods, the stock has seen a 1.73% increase over the past week, but it has declined by 2.91% over the past month and 8.41% year-to-date, despite a strong 13.17% gain over the past year and impressive returns over the longer term.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week and 1.05% over the past month, contrasting with Evans Electric's recent struggles. Year-to-date, while the Sensex has gained 5.15%, Evans Electric's performance has lagged significantly. The stock's current price movement reflects a lack of investor participation and liquidity, which may be contributing to its recent decline. Overall, the combination of underperformance relative to the sector, declining trading volumes, and a weaker year-to-date performance compared to the benchmark indicates that Evans Electric is facing challenges that are impacting its stock price negatively.