Why is BSE falling/rising?

As of 02-Jul, BSE Ltd's stock price is currently at 2,752.40, reflecting a decrease of 22.7 points or 0.82%. Today's price summary indicates that the stock has outperformed its sector by 0.41%, although it is trading lower than its 5-day and 20-day moving averages. Despite a strong long-term performance with a year-to-date increase of 55.03% and a remarkable 231.95% rise over the past year, the stock has experienced a decline of 1.31% over the past week. The company has shown strong fundamentals, including a significant growth in operating profits and net sales, which supports its classification as a strong buy. However, the stock's high valuation and premium compared to peers may be contributing to the recent price drop.
In the broader market context, while BSE Ltd has outperformed the Sensex over the past year and three years, the stock's short-term performance has lagged behind the benchmark, which has gained 0.83% in the last week. The decline in investor participation, evidenced by a 37.51% drop in delivery volume compared to the 5-day average, may also be affecting the stock's price negatively. Overall, while BSE Ltd has demonstrated strong long-term growth and market-beating performance, the current price movement reflects a combination of high valuation concerns and reduced trading activity.