Why is Tata Elxsi falling/rising?

As of 25-Aug, Tata Elxsi Ltd. is experiencing a decline in its stock price, currently at 5,550.20, reflecting a decrease of 29.05 points or 0.52%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.43% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 2.27%, and it has shown significant underperformance over the past year with a return of -21.68%. Despite strong long-term fundamentals, including a high return on equity and low debt-to-equity ratio, the company reported negative results in June, with a significant drop in profit after tax and net sales, contributing to its recent price decline.
In the broader market context, Tata Elxsi's performance contrasts sharply with the Sensex, which has gained 0.45% over the past week. The IT sector, where Tata Elxsi operates, has seen an increase of 2.38%, indicating that the company's struggles are specific rather than reflective of the overall market. The stock's consistent underperformance against benchmarks over the last three years, coupled with a high valuation relative to its peers, has led to a lack of investor confidence, despite an increase in institutional holdings. This combination of negative financial results and relative weakness compared to both the sector and broader market indices has contributed to the stock's downward trajectory.