Why is Techno Elec.Engg falling/rising?

As of 07-Jul, Techno Electric & Engineering Company Ltd's stock price is currently at 1,571.10, reflecting a decrease of 0.4 (-0.03%). The stock's performance today is in line with the sector, but it has shown a decline of 1.89% over the past week, while it has increased by 5.73% over the last month. Despite the recent drop, the company has reported strong financial results, including a significant growth in operating profit of 109.88% and positive results for the last two consecutive quarters. However, the stock is also facing challenges, such as a poor long-term growth outlook and a high valuation compared to its peers, which may be contributing to the current price movement.
In the broader market context, the Sensex has only decreased by 0.20% over the past week, indicating that the stock's decline is more pronounced than the overall market trend. While Techno Electric has outperformed the benchmark over the past year with a return of 6.37%, its recent performance suggests a divergence from this trend, particularly in the short term. The falling investor participation, as evidenced by a 31.05% drop in delivery volume, may also be impacting the stock's price negatively, despite its strong institutional holdings and consistent returns over the last three years.