Why is Tata Elxsi falling/rising?

As of 04-Aug, Tata Elxsi Ltd. is experiencing a decline in its stock price, currently at 6,030.00, which reflects a decrease of 24.5 points or 0.4%. The stock has underperformed its sector by 2.02% today and has been on a downward trend for the last three days, accumulating a total decline of 1.11% during this period. Over the past week, the stock has seen a slight decrease of 0.07%, while its one-month performance shows a decline of 2.80%. Despite the recent downturn, 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, indicating confidence from larger investors.
In the broader market context, Tata Elxsi's recent performance contrasts with the Sensex, which has risen by 0.16% over the past week. While the stock has underperformed the benchmark in the short term, it has shown significant long-term growth with a 543.41% increase over the past five years, compared to the Sensex's 114.97% rise. The stock's liquidity remains adequate, with a delivery volume increase of 77.2% against the five-day average, suggesting that investor participation is rising despite the current price decline. Overall, the combination of recent price movements, institutional confidence, and long-term fundamentals presents a complex picture of Tata Elxsi's stock performance.