Why is Bharti Hexacom falling/rising?

As of 03-Jul, Bharti Hexacom Ltd's stock price is currently at 1,927.40, reflecting a decline of 22.6 points or 1.16%. The stock has underperformed its sector by 0.46% today and has experienced a consecutive fall over the last two days, resulting in a total drop of 3.92% during this period. Despite this recent downturn, the stock has shown strong performance over the past year, with a return of 78.14%, significantly outpacing the market's return of 2.20%. The company has reported positive financial results in recent quarters, including a 79.53% increase in net profit and a healthy operating profit growth rate of 77.97%. However, the stock's valuation appears expensive, with a high enterprise value to capital employed ratio, which may be contributing to investor caution.
In the broader market context, while Bharti Hexacom has demonstrated a solid year-to-date return of 32.29%, its recent performance contrasts with the benchmark Sensex, which has gained 6.53% over the same period. The stock's recent decline may be influenced by falling investor participation, as evidenced by a significant drop in delivery volume, which decreased by 42.28% against the five-day average. This decline in trading activity, coupled with the stock's recent underperformance relative to the sector, suggests that investors may be reassessing their positions amid high valuations despite the company's strong growth metrics.