Why is Techno Elec.Engg falling/rising?

As of 12-Aug, Techno Electric & Engineering Company Ltd's stock price is currently at Rs 1,363.25, reflecting a decrease of Rs 33.4 or 2.39%. The stock has underperformed its sector today by 2.26%, having touched an intraday low of Rs 1,358.4. Over the past week, the stock has declined by 4.38%, and it has experienced a significant drop of 14.73% over the past month. Despite positive operating profit growth and strong institutional holdings, the stock has faced challenges, including a poor long-term growth outlook and a high valuation compared to peers, which may be contributing to its recent price decline.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-year return of -19.52% compared to the Sensex's gain of 0.74%. This underperformance is further highlighted by the fact that while the market has seen a slight decline of 2.75% over the past month, Techno Electric's stock has plummeted significantly more. The falling investor participation, as evidenced by a 33.83% drop in delivery volume, also suggests a lack of confidence among investors, which may be exacerbating the stock's downward trend.