Why is Tata Elxsi falling/rising?

As of 06-Nov, Tata Elxsi Ltd. is experiencing a decline in its stock price, currently at 5,239.50, which represents a decrease of 137.75 or 2.56%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a 5.42% drop over the past week. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has reported negative results for the last three consecutive quarters, with significant declines in both profit before tax and profit after tax. Despite having high management efficiency and low debt levels, the stock's poor long-term growth and expensive valuation relative to its peers contribute to its recent price movement.
In the broader market context, Tata Elxsi's performance has been notably weaker compared to the benchmark Sensex, which has only declined by 1.30% over the past week. The stock's year-to-date performance shows a significant drop of 23.12%, while the Sensex has gained 6.62% during the same period. This stark contrast highlights the stock's struggles in both the short and long term, as it has underperformed the broader market over various time frames, including the last year and three years. The rising investor participation, indicated by increased delivery volume, may suggest some interest, but it has not been sufficient to counteract the negative sentiment surrounding the stock's recent performance.