Why is Tata Elxsi falling/rising?

As of 31-Jul, Tata Elxsi Ltd. is experiencing a slight decline in its stock price, currently at 6,096.50, reflecting a change of -1.35, or -0.02%. The stock has outperformed its sector by 0.58% today, but it has also shown a trend reversal after two consecutive days of gains. Over the past week, the stock has decreased by 1.99%, and its year-to-date performance indicates a significant decline of 10.54%. Despite this, 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, which has declined by 1.22% over the same week. The stock's delivery volume has fallen significantly, down by 47.5% against the five-day average, indicating a decrease in investor participation. While the stock remains liquid enough for trading, the overall trend shows a lack of momentum compared to the benchmark, which has seen a positive return of 3.90% year-to-date. This combination of factors suggests that while Tata Elxsi has strong fundamentals, its recent price movement is influenced by lower investor activity and a challenging market environment.