Why is CARE Ratings falling/rising?

As of 16-Jul, CARE Ratings Ltd is experiencing a decline in its stock price, currently at Rs 1,804.95, which reflects a decrease of Rs 39.4 or 2.14%. Today's price summary indicates that the stock has underperformed its sector by 1.26% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 1,801.55, marking a 2.32% drop. Despite this recent downturn, the stock has shown impressive performance over the longer term, with a year-to-date increase of 33.18% and a remarkable 73.35% rise over the past year. Positive factors contributing to the stock's strength include consistent quarterly results, a low debt-to-equity ratio, and high institutional holdings, which have increased by 0.87% in the last quarter. However, concerns about long-term growth due to modest net sales and operating profit growth rates, along with a high valuation relative to peers, may be influencing the current price decline.
In the broader market context, the stock's short-term performance has been relatively stable compared to the benchmark, with a slight decline of 0.39% over the past week, while the Sensex fell by 1.08%. This indicates that while CARE Ratings is facing some challenges, it has outperformed the broader market in the short term. The stock's liquidity remains adequate for trading, which may help mitigate some of the downward pressure. Overall, while the company has shown strong historical returns and positive fundamentals, the recent price movement reflects a combination of profit-taking and concerns about valuation and growth prospects.