Why is Brady & Morris falling/rising?

As of 07-Jul, Brady & Morris Engineering Company Ltd is experiencing a decline in its stock price, currently at 1,945.00, which reflects a decrease of 33.9 points or 1.71%. The stock has underperformed its sector today by 1.34% and has been on a consecutive downward trend for the last two days, with a total decline of 1.77%. It opened significantly lower, down 4.94%, and reached an intraday low of Rs 1881.15. Despite its strong long-term performance, with a 56.85% increase over the past month and a remarkable 1729.73% rise over three years, recent negative financial results, including a 72% drop in PAT and a low ROCE, have contributed to the current price movement. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation.
In the broader market context, the stock's short-term performance has been weaker than the benchmark, with a 1-week return of -0.86% compared to the Sensex's -0.20%. While Brady & Morris has shown consistent returns over the past year, outperforming the BSE500, the recent financial setbacks and high valuation concerns have overshadowed its historical performance. The stock's high Price to Book Value ratio suggests it may be overvalued relative to its peers, further impacting investor sentiment and contributing to the recent decline in price.