Why is Techno Elec.Engg falling/rising?

As of 26-Sep, Techno Electric & Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 1,299.00, reflecting a decrease of Rs 69.35 or 5.07%. The stock has underperformed its sector by 4.94% today and has been on a downward trend for the last four days, accumulating a total loss of 8.87% during this period. Additionally, the stock has touched an intraday low of Rs 1,272.90 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the company's positive financial results, including an 85.16% growth in operating profit and a high institutional holding of 33.01%, the stock's recent performance has been negatively impacted by high volatility and falling investor participation, with delivery volume decreasing by 24.25% against the 5-day average.
In the broader market context, Techno Electric's short-term performance has been notably weaker than the benchmark Sensex, which has declined by only 2.66% over the past week, while Techno Electric has dropped by 8.15%. This disparity highlights the stock's struggles relative to the overall market. Furthermore, the company's year-to-date performance shows a significant decline of 17.63%, contrasting sharply with the Sensex's positive return of 2.93%. The combination of high volatility, recent consecutive losses, and underperformance against the benchmark suggests that investor sentiment is currently cautious, despite the company's strong fundamentals.