Why is Tata Elxsi falling/rising?

As of 22-Sep, Tata Elxsi Ltd. is experiencing a decline in its stock price, currently at 5,600.00, reflecting a decrease of 120.45 points or 2.11%. The stock has been underperforming recently, having fallen consecutively for the last two days, with a total return of -2.29% during this period. Additionally, the stock's performance over the past week shows a decline of 1.41%, and it has significantly underperformed the benchmark Sensex over the past year with a return of -28.74%. Despite having strong long-term fundamentals, including a high return on equity and low debt-to-equity ratio, negative quarterly results have impacted investor sentiment, as evidenced by a drop in profit after tax and net sales.
In the broader market context, the IT - Software sector has also faced challenges, with a decline of 2.6%, which may have contributed to Tata Elxsi's price movement. While the stock has outperformed its sector by 0.5% today, its overall performance remains concerning, especially given its consistent underperformance against the benchmark over the last three years. The stock's liquidity appears adequate, with rising investor participation noted, but the negative financial results and high valuation relative to peers may deter potential investors, leading to the current downward trend.