Why is Tata Elxsi falling/rising?

As of 25-Jul, Tata Elxsi Ltd. is experiencing a decline in its stock price, currently at 6,063.85, reflecting a change of -156.15, or -2.51%. The stock has underperformed its sector by 1.04% today and has been on a consecutive downward trend for the last two days, with a total drop of 2.58% during this period. Additionally, the stock has shown negative returns over various time frames, including a 1-week decline of 1.62% and a year-to-date drop of 11.02%. Despite these recent challenges, the company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 31.37% and a low Debt to Equity ratio, which may support investor confidence in the long run.
In the broader market context, Tata Elxsi's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of only 0.36% over the past week. This underperformance is notable, especially considering the stock's year-to-date performance, which is significantly worse than the Sensex's gain of 4.25%. However, the stock has seen rising investor participation, with a 24.38% increase in delivery volume, indicating some level of interest despite the price drop. High institutional holdings at 21.27% suggest that informed investors are still backing the company, which could provide a stabilizing effect in the face of recent price declines.