Why is Thejo Engg. falling/rising?

As of 28-Aug, Thejo Engineering Ltd is currently priced at 1,920.00, reflecting a slight increase of 3.9 (0.2%). The stock has been trading lower than its moving averages across various timeframes, indicating a downward trend in price momentum. Additionally, the delivery volume has decreased by 22.69% compared to the 5-day average, suggesting falling investor participation. Over the past month, the stock has experienced a significant decline of 18.47%, while its year-to-date performance shows a decrease of 4.82%. Despite these challenges, the company maintains a high management efficiency with a return on equity (ROE) of 18.50% and a low debt-to-equity ratio, which could provide some support for the stock's valuation.
In the broader market context, Thejo Engineering's recent performance has been slightly worse than the benchmark Sensex, which has declined by 2.32% over the same one-week period, while Thejo's decline stands at 2.34%. This indicates that the stock is underperforming relative to the market. Furthermore, the stock's year-over-year decline of 29.25% contrasts sharply with the Sensex's minor drop of 2.20%, highlighting a significant divergence in performance. Overall, while the stock has some positive attributes, its recent price movements and declining investor interest suggest a challenging environment for Thejo Engineering Ltd.