Why is BSE falling/rising?

As of 30-Jul, BSE Ltd's stock price is currently at 2,457.50, reflecting a decrease of 29.6 points or 1.19%. The stock has underperformed its sector today by 1.29%, and its delivery volume has significantly dropped by 40.15% compared to the 5-day average, indicating falling investor participation. Despite a strong long-term performance with a year-to-date return of 38.42% and an impressive 205.58% return over the past year, the stock is currently trading below its 5-day, 20-day, and 50-day moving averages, although it remains above the 100-day and 200-day moving averages. The company's strong fundamentals, including a 479.51% growth in net profit and consistent positive results over the last nine quarters, suggest underlying strength; however, its high valuation metrics, such as a Price to Book Value of 22.6, may be contributing to the recent price decline.
In the broader market context, BSE Ltd's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.90% compared to the Sensex's -1.45%. This underperformance in the short term, coupled with a decrease in investor participation, may reflect market sentiment that is cautious despite the company's strong historical returns and fundamentals. The stock's high institutional holdings at 37.03% indicate confidence from larger investors, yet the expensive valuation relative to peers could be a concern for potential investors, leading to the current downward pressure on the stock price.