Why is Capri Global falling/rising?

As of 21-Jul, Capri Global Capital Ltd is currently priced at 181.60, reflecting a decrease of 2.1 points or 1.14%. The stock has recently underperformed its sector by 2% and has experienced a trend reversal after five consecutive days of gains. Despite this decline, Capri Global is trading above its moving averages across various time frames, indicating a generally positive trend prior to this drop. Over the past week and month, the stock has shown positive returns of 2.66% and 8.39%, respectively, although it has underperformed over the year with a return of -14.26%. The company has demonstrated strong long-term fundamentals, with significant growth in operating profits and net sales, alongside a high institutional holding which suggests confidence from larger investors.
In the broader market context, while the stock has faced challenges, the benchmark Sensex has shown a slight decline of 0.06% over the past week and 0.25% over the past month, indicating a relatively stable market environment. However, Capri Global's year-to-date performance remains negative at -2.81%, contrasting with the Sensex's positive return of 5.20%. This underperformance over the past year, despite strong profit growth, suggests that the stock may be viewed as overvalued, contributing to its recent price decline. The company's high price-to-book ratio and the fact that it has underperformed the broader market could be influencing investor sentiment negatively, leading to the current price movement.