Why is Tata Elxsi falling/rising?

As of 06-Aug, Tata Elxsi Ltd. is experiencing a decline in its stock price, currently at 5,816.85, reflecting a decrease of 142.2 points or 2.39%. The stock has been underperforming, having fallen consecutively for the last five days, with a total return of -4.61% over the past week. Today's performance indicates that it has underperformed its sector by 1.1%, and it reached an intraday low of Rs 5800. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased significantly, down by 36.88% compared to the 5-day average, indicating a drop in investor participation. Despite strong long-term fundamentals, including a high average Return on Equity (ROE) of 31.37% and low debt levels, the recent negative quarterly results, including a 21.6% fall in PAT and the lowest net sales, have contributed to the stock's downward movement.
In the broader market context, Tata Elxsi's short-term performance has been notably weaker than the benchmark, with a -4.61% return over the past week compared to the Sensex's -1.15%. Over the past year, the stock has generated a return of -13.18%, significantly underperforming the Sensex, which has seen a positive return of 2.48%. This consistent underperformance against the benchmark over the last three years, coupled with a high valuation relative to its peers, has led to a negative sentiment surrounding the stock. The combination of disappointing financial results and a lack of investor confidence is contributing to the ongoing decline in Tata Elxsi's stock price.