Why is Tata Elxsi falling/rising?

As of 30-Jul, Tata Elxsi Ltd. is currently priced at 6,097.85, reflecting a slight increase of 5.25 or 0.09%. The stock has been gaining over the last two days, with a total return of 1.06% during this period. However, it has experienced a decline of 2.03% over the past week and 3.30% over the last month, indicating a challenging short-term performance compared to the benchmark Sensex, which has fallen by 1.50% and 2.54%, respectively. Despite these short-term 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. Additionally, institutional holdings have increased by 1.27% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, Tata Elxsi's recent performance contrasts with the Sensex's year-to-date gain of 4.28%, as the stock has declined by 10.52% in the same timeframe. This divergence highlights the stock's underperformance relative to the market. Furthermore, the stock's liquidity remains adequate for trading, although there has been a notable decrease in delivery volume, which fell by 22.5% against the five-day average. This decline in investor participation could be a concern, yet the overall institutional interest may provide some support for the stock's price stability moving forward.