Why is Arrow Greentech falling/rising?

As of 01-Aug, Arrow Greentech Ltd's stock is currently priced at 753.90, reflecting a decline of 44.6 points or 5.59%. The stock has been underperforming recently, having fallen consecutively for the last two days, with a total drop of 5.88% during this period. Today's trading saw the stock reach an intraday low of Rs 750.2, indicating significant selling pressure. Despite a healthy long-term growth trajectory, with net sales increasing at an annual rate of 61.34% and positive results reported for the last four quarters, the stock's valuation appears expensive with a high Price to Book Value ratio of 6. Additionally, the lack of domestic mutual fund investment may signal caution among institutional investors regarding the stock's current price.
In the broader market context, Arrow Greentech's short-term performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week while the stock itself has gained 0.65%. However, over the last month, Arrow Greentech has outperformed the Sensex, with a return of 20.64% compared to the benchmark's drop of 3.70%. This suggests that while the stock is currently facing downward pressure, it has shown resilience in the longer term, outperforming the market in various time frames, including a remarkable 945.63% return over the last three years.