Why is Aurionpro Sol. falling/rising?

As of 28-Aug, Aurionpro Solutions Ltd is experiencing a decline in its stock price, currently at Rs 1,287.20, which reflects a decrease of Rs 22.8 or 1.74%. The stock has been on a downward trend, losing value for the last eight consecutive days and showing a total decline of 12.94% during this period. It is currently trading 2.94% above its 52-week low and is below all key moving averages, indicating a bearish sentiment. Despite the company’s strong fundamentals, including a low debt-to-equity ratio and consistent positive quarterly results, the stock has underperformed significantly over the past year with a return of -33.28%, even as its profits have increased by 27.2%. This disparity suggests that the stock may be overvalued compared to its peers, contributing to the recent price decline.
In the broader market context, Aurionpro's short-term performance has been notably worse than the benchmark, with a one-week return of -5.53% compared to the Sensex's -2.34%. This underperformance is indicative of investor sentiment, as domestic mutual funds hold only a minimal stake in the company, which may reflect a lack of confidence in its current valuation. The overall market has also faced challenges, with the BSE500 index showing a negative return of -5.01% over the past year, but Aurionpro's decline has been much steeper. This combination of factors suggests that while the company has strong operational metrics, external market pressures and valuation concerns are driving the stock's recent downward movement.