Why is Bharti Hexacom falling/rising?

As of 13-Aug, Bharti Hexacom Ltd's stock price is currently at Rs 1,696.70, reflecting a decline of Rs 49.4 or 2.83%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 3.22%. It has also underperformed its sector by 3.58% today. In terms of returns, the stock has seen a decrease of 5.47% over the past week and 4.71% over the past month, although it has shown strong performance year-to-date with a gain of 16.45% and a remarkable 49.52% increase over the past year. Despite these positive long-term growth indicators, such as a significant rise in operating profit and consistent positive quarterly results, the stock's recent performance is hindered by falling investor participation and a decline in trading volume.
Broader market context shows that while the stock has experienced a notable increase over the past year, the benchmark Sensex has only risen by 2.01% during the same period. However, in the short term, the stock's performance has been lackluster compared to the benchmark, which has remained relatively stable with a negligible change of -0.01% over the past week. The stock's high valuation, indicated by a ROCE of 16 and an expensive enterprise value to capital employed ratio, may also contribute to investor caution, leading to the recent price decline despite its strong long-term growth potential.