Why is Balmer Law. Inv. falling/rising?

As of 22-Aug, Balmer Lawrie Investment Ltd's stock price is currently at 90.90, reflecting a decrease of 0.51 or 0.56%. The stock has experienced a trend reversal, falling after seven consecutive days of gains. Despite this recent decline, it is noteworthy that the stock has been performing well in the short term, with a 7.32% increase over the past week and an 8.95% rise over the past month. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to this drop. However, the company's long-term fundamental strength is considered weak, with an average Return on Equity (ROE) of 10.64%, and it has a high Price to Book Value ratio of 1.6, which may contribute to investor caution.
In the broader market context, Balmer Lawrie Investment Ltd has outperformed the Sensex, which has only increased by 0.88% over the past week and declined by 1.07% over the past month. This strong relative performance may have attracted investor interest, as evidenced by a significant rise in delivery volume, which increased by 58.81% against the 5-day average. However, the stock's high dividend yield of 4.14% and its market-beating performance over the long term contrast with the relatively low domestic mutual fund ownership of only 0.01%, suggesting that institutional investors may have reservations about the stock's valuation or business fundamentals.