Why is Tata Elxsi falling/rising?

As of 16-Sep, Tata Elxsi Ltd. is experiencing a price increase, currently at 5,704.95, reflecting a change of 24.95 or 0.44% upward. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it has underperformed its sector by 0.4% today. In terms of returns, the stock has increased by 2.66% over the past week but has a year-to-date decline of 16.29% and a one-year drop of 25.77%. Despite its strong long-term fundamentals, including a high average Return on Equity (ROE) of 31.37% and low debt levels, the company has faced negative results recently, with a significant drop in profit after tax and net sales in the last quarter.
Broader market context indicates that while Tata Elxsi has shown some short-term recovery, it has consistently underperformed against the benchmark, with a three-year return of -34.63% compared to the Sensex's 40.01% gain. The stock's performance today contrasts with the broader market, which has seen a 1.58% increase over the past week. Additionally, the stock's liquidity remains adequate for trading, but a decline in investor participation, evidenced by a 27.19% drop in delivery volume, may indicate waning interest among retail investors, further complicating its recovery trajectory.