Why is Tata Elxsi falling/rising?

As of 10-Jul, Tata Elxsi Ltd. is experiencing a decline in its stock price, currently at 6,136.00, reflecting a decrease of 13.2 points or 0.21%. The stock has been underperforming recently, with a consecutive fall over the last five days, resulting in a total return of -1.35% during this period. Additionally, the stock has shown a significant decline of 9.96% year-to-date and 13.81% over the past year, indicating a consistent underperformance against the benchmark. Despite having strong long-term fundamentals, including a high average Return on Equity (ROE) of 34.48% and low Debt to Equity ratio, the company reported negative quarterly results, with a 21.6% drop in PAT and the lowest net sales recorded, which has contributed to the stock's recent downward trend.
In the broader market context, Tata Elxsi's short-term performance has been notably weaker compared to the Sensex, which has only declined by 0.06% over the same week. The stock's liquidity remains adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 30.48% against the five-day average. This decline in trading activity, coupled with high institutional holdings at 21.27%, suggests that while institutional investors may have confidence in the company's long-term potential, the recent negative financial results and consistent underperformance against benchmarks have led to a lack of enthusiasm among retail investors, further pressuring the stock price.