Why is Anant Raj falling/rising?

As of 01-Aug, Anant Raj Ltd's current price is 563.80, reflecting a decrease of 1.05, or 0.19%. The stock has been on a downward trend, having fallen for the last three days with a total decline of 2.88%. Despite outperforming its sector by 1.38% today, the stock's recent performance shows a 1.61% decline over the past week and a 0.27% decline over the past month. While the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 44.24% and operating profit at 51.44%, it faces challenges such as poor management efficiency indicated by a low return on capital employed (ROCE) of 5.11% and a high price-to-book value ratio of 4.7, which suggests an expensive valuation relative to its peers.
In the broader market context, Anant Raj's short-term performance has been weaker compared to the benchmark, with a 1.61% decline over the past week versus a 1.06% decline in the Sensex. This indicates that while the stock is underperforming, the overall market is also experiencing declines. Additionally, there has been a notable decrease in institutional investor participation, which may signal a lack of confidence in the stock's future performance. The combination of falling investor participation, consecutive price drops, and high valuation metrics contributes to the stock's current downward movement, despite its positive long-term growth indicators.