Why is Tata Elxsi falling/rising?

As of 29-Jul, Tata Elxsi Ltd. has seen its stock price rise by 58.65 points, or 0.97%, reaching a current price of 6,092.60. Today's price summary indicates that the stock has outperformed its sector by 1.06% and has experienced a trend reversal, gaining after three consecutive days of decline. Despite this positive movement, the stock has shown a negative return of -1.83% over the past week and -3.89% over the past month. However, it has strong long-term fundamentals, with an average Return on Equity (ROE) of 31.37% and a low Debt to Equity ratio, which may contribute to investor confidence. Additionally, high institutional holdings at 21.27% suggest that knowledgeable investors are backing the stock, which can positively influence its price movement.
In the broader market context, Tata Elxsi's recent performance contrasts with the benchmark Sensex, which has declined by only -1.03% over the past week and -3.24% over the past month. This indicates that while Tata Elxsi is experiencing a slight uptick today, its longer-term performance has lagged behind the benchmark, with a year-to-date decline of -10.60% compared to the Sensex's gain of +4.09%. The rising investor participation, as evidenced by a 51.4% increase in delivery volume, suggests a growing interest in the stock, which may help support its price in the near term despite its overall underperformance relative to the market.