Why is Tata Elxsi falling/rising?

As of 08-Sep, Tata Elxsi Ltd. is experiencing a decline in its stock price, currently at 5,470.50, reflecting a decrease of 5.85 points or 0.11%. The stock has shown mixed performance in recent periods, with a 1-week return of +2.25%, indicating some short-term strength, but a significant 1-month decline of -5.01% and a year-to-date drop of -19.73%. Today's trading activity reveals that the stock has outperformed its sector by 0.74%, although it has traded within a narrow range and has seen a decrease in delivery volume by 25.46% compared to the 5-day average. Despite strong long-term fundamentals, including a high return on equity and low debt, the company has faced negative results in its latest quarterly earnings, with a substantial drop in profit and net sales, contributing to its recent price movement.
In the broader market context, Tata Elxsi's performance has lagged behind the benchmark, with a year-over-year return of -27.91% compared to a slight decline of -0.49% for the Sensex. This consistent underperformance over the past three years, coupled with a high valuation relative to its earnings, has likely contributed to investor caution. While institutional holdings have increased, indicating some confidence from larger investors, the overall sentiment remains affected by the company's recent financial results and the stock's inability to keep pace with market averages.