Why is Techno Elec.Engg falling/rising?

As of 18-Nov, Techno Electric & Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 1,200.65, which reflects a decrease of Rs 38.25 or 3.09%. The stock has underperformed its sector by 2.55% today and has touched an intraday low of Rs 1,192.3, marking a 3.76% drop. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 5.71%, and year-to-date, it has fallen by 23.86%, contrasting sharply with the Sensex, which has gained 8.36% during the same period. Despite positive long-term growth indicators, such as a 28.61% annual increase in net sales and strong operating cash flow, the recent performance suggests a lack of investor confidence, as evidenced by a 32.34% drop in delivery volume compared to the 5-day average.
In the broader market context, Techno Electric's recent performance stands in stark contrast to the benchmark Sensex, which has shown resilience with a 0.96% increase over the past week. The stock's significant underperformance relative to the benchmark highlights a troubling trend, particularly given its negative returns over the past month and year. While the company boasts a low debt-to-equity ratio and high institutional holdings, which typically indicate stability and confidence among informed investors, the current market sentiment appears to be weighing heavily on the stock. The combination of declining investor participation and the stock's inability to maintain momentum against the backdrop of a rising market suggests that external factors may be influencing its recent downturn.