Why is Techno Elec.Engg falling/rising?

As of 08-Aug, Techno Electric & Engineering Company Ltd's stock price is currently at 1,380.90, reflecting a decrease of 12.4 points or 0.89%. The stock has underperformed in the short term, with a 1-week return of -2.57% and a 1-month return of -14.56%. However, it has shown some positive signs today, outperforming its sector by 0.42%. The stock is trading above its 100-day and 200-day moving averages, although it is below its 5-day, 20-day, and 50-day moving averages. Additionally, there has been a rise in investor participation, with a delivery volume increase of 26.89% compared to the 5-day average. Despite these positive indicators, the stock has a poor long-term growth outlook, with an annual operating profit growth rate of only 13.66% over the past five years and a high valuation reflected in its Price to Book Value ratio of 4.3.
In the broader market context, Techno Electric has underperformed compared to the benchmark, with a 1-year return of -15.18% against the BSE500's negative return of -1.79%. This significant underperformance highlights the challenges the company faces in the market, despite its recent positive operating results and high institutional holdings of 33.01%. The stock's recent decline can be attributed to its expensive valuation and the fact that it has not kept pace with market growth, leading to a lack of investor confidence despite some positive operational metrics.