Why is Wendt India falling/rising?

As of 17-Jul, Wendt India Ltd's stock price is currently at 10,936.60, reflecting a decrease of 400.2 points or 3.53%. The stock has underperformed its sector by 4.06% today and has been on a consecutive decline for the last two days, with a total drop of 4.03% in this period. The stock touched an intraday low of Rs 10,880, and the trading volume has significantly decreased, with a delivery volume drop of 69.78% compared to the five-day average. Despite a high management efficiency indicated by a return on equity (ROE) of 16.47% and a low debt-to-equity ratio, the stock's valuation appears expensive with a price-to-book ratio of 9, and it has generated a negative return of -30.45% over the past year, alongside a decline in profits by 3.6%.
In the broader market context, Wendt India's short-term performance has been relatively better than the benchmark, with a 1-week return of +2.64% compared to the Sensex's -1.12%. However, the stock has underperformed the BSE500 over the long term, including the last three years, one year, and three months. The overall market sentiment appears to be cautious, as indicated by the stock's declining price and reduced investor participation, suggesting a lack of confidence among investors despite the company's operational efficiencies.