Why is BSE falling/rising?

As of 31-Jul, BSE Ltd's stock price is currently at 2,427.40, reflecting a decrease of 30.1 points or 1.22%. The stock has underperformed its sector today by 0.82%, and its delivery volume has significantly dropped by 43.47% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 4.73%, and it has also seen a substantial drop of 12.53% over the past month. Despite these short-term declines, the stock has shown strong long-term performance with a year-to-date increase of 36.73% and an impressive 184.82% rise over the past year. The company has consistently reported positive results, with a remarkable growth in net profit of 479.51% and strong operating profit growth, which supports its strong buy rating. However, the stock's high valuation, indicated by a Price to Book Value of 22.3, raises concerns about its premium pricing compared to peers.
In the broader market context, BSE Ltd's recent performance contrasts with the benchmark Sensex, which has only declined by 1.17% over the past week and 3.03% over the past month. This suggests that while the stock has faced more significant short-term challenges, it has outperformed the benchmark over longer periods, including a 973.13% increase over three years compared to the Sensex's 44.35%. The high institutional holdings at 37.03% indicate confidence from more sophisticated investors, but the stock's recent price decline may reflect market corrections or profit-taking after substantial gains. Overall, while the company has strong fundamentals and growth prospects, its current price movement is influenced by short-term volatility and high valuation concerns.