Why is Alembic falling/rising?

As of 17-Jul, Alembic Ltd's stock price is currently at 119.60, reflecting a decrease of 1.7, or 1.4%. The stock has recently underperformed its sector by 1.82% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this, Alembic is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Over the past week, the stock has shown a return of 0.89%, while it has gained 3.50% over the last month. However, it has significantly underperformed over the year, with a decline of 22.26%. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 142.59%, and has reported positive results for the last six consecutive quarters. Nevertheless, the stock's valuation appears expensive, with a price-to-book value of 1.3 and a return on equity of 13.3, which may deter some investors.
In the broader market context, Alembic's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week and gained 0.83% over the last month. The stock's year-to-date performance is notably poor, with a decline of 9.57%, while the benchmark has increased by 5.27% during the same period. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's current valuation, despite its rising investor participation indicated by a 44.26% increase in delivery volume. This underperformance relative to the market and the concerns regarding its valuation may contribute to the stock's downward movement.