Why is Techno Elec.Engg falling/rising?

As of 06-Nov, Techno Electric & Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 1,277.00, which reflects a decrease of Rs 27.4 or 2.1%. The stock has underperformed its sector by 0.55% today and has been on a downward trend for the last two days, accumulating a total decline of 4.72% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company reporting positive results in recent quarters, including an 85.16% growth in operating profit and a significant increase in net sales, the stock has seen a year-to-date decline of 19.02%, contrasting sharply with the Sensex's gain of 6.62% over the same period.
In the broader market context, Techno Electric's short-term performance has been notably weaker than the benchmark, with a 1-week return of -4.96% compared to the Sensex's -1.30%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 66.87% against the 5-day average. While the company benefits from a low debt-to-equity ratio and high institutional holdings, these factors have not been sufficient to counteract the recent negative price movements and overall market sentiment. The liquidity of the stock remains adequate for trading, but the current trends suggest a cautious outlook among investors.