Why is Thejo Engg. falling/rising?

As of 11-Sep, Thejo Engineering Ltd's stock price is currently at 1,910.30, reflecting an increase of 18.4 points or 0.97%. Today's price summary indicates that the stock has outperformed its sector by 1.19%. However, it is important to note that while the stock is currently above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 67.44% compared to the 5-day average. Over the past month, the stock has experienced a decline of 11.82%, contrasting with a modest gain of 1.71% in the Sensex. Despite a strong long-term performance with a 70.96% increase over three years, the stock has faced challenges, including a year-to-date decline of 5.30% and a 27.92% drop over the past year. The company benefits from high management efficiency, indicated by a return on equity (ROE) of 18.50%, and a low debt-to-equity ratio, which may provide some stability amidst recent price fluctuations.
In the broader market context, Thejo Engineering Ltd's short-term performance of +1.74% over the past week has outpaced the Sensex's gain of +1.10%. However, the stock's longer-term struggles, particularly the significant declines over the past month and year, suggest that while there may be short-term gains, the overall trend remains concerning. The liquidity of the stock is adequate for trading, but the falling delivery volume indicates a potential lack of investor confidence. This combination of factors suggests that while there may be some positive movements in the stock price, underlying issues could be contributing to a cautious outlook among investors.