Why is A B B falling/rising?

As of 31-Jul, ABB India Ltd is experiencing a decline in its stock price, currently at 5,511.40, which represents a decrease of 43.25 points or 0.78%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -1.24%. Over the past week, the stock has decreased by 3.17%, and its performance over the last month shows a decline of 7.39%. Despite these short-term setbacks, the company has demonstrated strong fundamentals, including a high return on equity (ROE) of 15.88% and a low debt-to-equity ratio, indicating financial stability. However, the stock is perceived as expensive with a price-to-book value of 16.5, which may be contributing to its recent price drop.
In the broader market context, ABB India Ltd has underperformed compared to the benchmark Sensex, which has only declined by 1.22% over the past week. The stock's year-to-date performance shows a significant drop of 20.35%, while the Sensex has gained 3.90% during the same period. This stark contrast highlights the challenges ABB faces in attracting investor confidence despite its strong operational metrics, such as consistent profit growth and a healthy dividend payout ratio. The stock's recent price movements may reflect market sentiment that is cautious about its valuation relative to peers, despite the company's solid long-term growth prospects.