Why is Avalon Tech falling/rising?

As of 19-Nov, Avalon Technologies Ltd is currently priced at 983.35, experiencing a decline of 3.45 points, which represents a decrease of 0.35%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total drop of 5.92% during this period. Over the past week, the stock has decreased by 6.74%, and over the past month, it has seen a significant decline of 16.39%. Despite these short-term challenges, the company has demonstrated strong long-term growth, with a net profit increase of 75.79% and positive results reported for the last five consecutive quarters. However, the stock is considered to have a very expensive valuation, trading at a premium compared to its peers, which may be contributing to the recent price decline.
In the broader market context, while Avalon Technologies has struggled in the short term, the benchmark Sensex has shown resilience, gaining 0.85% over the past week and 1.47% over the past month. This contrast highlights the stock's underperformance relative to the market. Additionally, despite the recent price drop, there has been a rise in investor participation, with delivery volume increasing by 52.2% against the five-day average, indicating some level of interest from investors. However, the stock's high institutional holdings at 32.89% suggest that these investors are closely monitoring the company's fundamentals, which may influence future price movements as they assess the stock's valuation and growth potential.