Why is Thejo Engg. falling/rising?

As of 04-Aug, Thejo Engineering Ltd's stock price is currently at Rs 2,308.30, reflecting a decrease of Rs 40.9 or 1.74%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.35% during this period. Today's performance shows that it underperformed its sector by 1.72%, with an intraday low of Rs 2,298.1. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 62.62% compared to the 5-day average. The stock's year-to-date performance shows a gain of 14.43%, but it has declined by 23.46% over the past year.
In the broader market context, Thejo Engineering's short-term return of -1.98% over the past week contrasts with the Sensex, which has increased by 0.17%. This indicates that the stock is not only struggling in its own right but is also lagging behind the overall market performance. Despite the company's strong management efficiency, as evidenced by a high return on equity of 18.50% and a low debt-to-equity ratio, the recent negative price movement suggests that market sentiment may be weighing heavily on the stock. The positive financial results reported for March 25, including record net sales and operating profit margins, have not been sufficient to counteract the recent declines, highlighting a disconnect between the company's fundamentals and its stock performance.