Why is Techno Elec.Engg falling/rising?

As of 02-Jul, Techno Electric & Engineering Company Ltd's stock price is currently at Rs 1,592.55, reflecting a decrease of Rs 43.85 or 2.68%. Today's performance indicates that the stock has underperformed its sector by 1.6% and has experienced a trend reversal after four consecutive days of gains. The stock reached an intraday low of Rs 1,566.85, which is a decline of 4.25%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 5.68% and 10.42%, respectively. However, there has been a notable decline in investor participation, with delivery volume falling by 22.24% against the five-day average, which may contribute to the current price decline. The company has positive fundamentals, including a low debt-to-equity ratio and significant growth in operating profit, but it also faces risks such as poor long-term growth prospects and high valuation compared to peers.
In the broader market context, Techno Electric's short-term performance has outpaced the benchmark Sensex, which has gained only 0.79% over the past week. However, the stock's year-to-date return of 0.99% is significantly lower than the Sensex's 6.75% gain, indicating a lag in performance relative to the market. While high institutional holdings suggest confidence in the company's fundamentals, the stock's recent price movement reflects concerns over its valuation and growth sustainability, which may be influencing investor sentiment negatively.