Why is Bharti Hexacom falling/rising?

As of 02-Jul, Bharti Hexacom Ltd's stock is currently priced at Rs 1,950.00, reflecting a decline of Rs 56.05 or 2.79%. Today's performance indicates that the stock has underperformed its sector by 3.63%, with an intraday low of Rs 1,946.70. Despite this decline, the stock has shown positive returns over the past week (+4.12%), month (+5.26%), and year (+80.22%), significantly outperforming the benchmark Sensex, which has returned only 0.79%, 2.50%, and 5.00% respectively in the same periods. The company has demonstrated strong financial health, with a remarkable annual growth in operating profit of 77.97% and net profit growth of 79.53%. However, the stock's valuation appears expensive, as indicated by its high enterprise value to capital employed ratio, which may be causing some investor hesitation.
In the broader market context, while Bharti Hexacom has shown impressive long-term growth, the recent decline in its stock price could be attributed to falling investor participation, as evidenced by a 28.39% drop in delivery volume compared to the 5-day average. This decline in trading activity may signal a lack of confidence among investors despite the company's strong fundamentals and market-beating performance. The stock's liquidity remains adequate for trading, but the combination of high valuation concerns and reduced investor engagement may be contributing to the current downward price movement.