Why is Bajaj Finance falling/rising?

As of 11-Nov, Bajaj Finance Ltd's stock price is currently at 1,005.35, reflecting a decline of 80.05 points or 7.38%. Today's price summary indicates that the stock has underperformed its sector by 5.4% and opened with a loss of 3.99%. It has experienced a trend reversal, falling after two consecutive days of gains, and touched an intraday low of Rs 997, marking an 8.14% decrease. Despite the recent drop, the stock has shown strong long-term performance, with a year-to-date return of 47.20% and a one-year return of 48.28%, significantly outperforming the market. The company has a solid fundamental strength, evidenced by consistent positive results over the last 17 quarters, but it is currently facing a very expensive valuation with a high Price to Book Value ratio, which may be contributing to the recent price decline. In the broader market context, Bajaj Finance's short-term performance has been negative, with a one-week return of -4.88%, while the benchmark Sensex has gained 0.49% during the same period. This underperformance relative to the benchmark may indicate investor concerns about the stock's valuation amidst its high institutional holdings and strong growth metrics. While the company remains a market leader with significant sales and a robust return on equity, the recent price drop could reflect market corrections in response to its premium valuation compared to peers, despite its historical performance and growth potential.