Why is BSE falling/rising?

As of 30-Jun, BSE Ltd's stock price is currently at 2,770.10, reflecting a decrease of 5.5 points, or 0.2%. The stock has shown mixed performance in recent periods, with a slight decline of 0.19% over the past week, while it has gained 3.59% over the last month. Despite this recent dip, the stock has demonstrated strong long-term growth, with a remarkable 221.74% increase over the past year and an impressive 1,292.05% rise over the last three years. Today's trading activity indicates that the stock underperformed its sector by 0.72%, although it remains above its 5-day, 50-day, 100-day, and 200-day moving averages. The company has also seen a rise in investor participation, with delivery volume increasing by 19.46% compared to the 5-day average, suggesting ongoing interest despite the current price decline.
In the broader market context, BSE Ltd's recent performance contrasts with the Sensex, which has increased by 2.18% over the past week. While the stock has outperformed the market significantly over the long term, its short-term underperformance may be attributed to its high valuation metrics, including a Price to Book Value of 25.4, which is considered expensive compared to peers. Despite the stock's strong fundamentals, including a 479.51% growth in net profit and consistent positive results over nine consecutive quarters, the high valuation could be causing some investors to reassess their positions, contributing to the recent price decline.