Why is Crown Lifters falling/rising?

As of 04-Aug, Crown Lifters Ltd is experiencing a decline in its stock price, currently at 156.56, reflecting a decrease of 9.01 points or 5.44%. Today's price summary indicates that the stock opened with a gain of 2.55% but subsequently fell to an intraday low of Rs 155.1, showing significant volatility. The stock has underperformed its sector by 6.48% today and is trading below all key moving averages, suggesting a bearish trend. Over the past month, the stock has dropped by 12.96%, and its year-to-date performance shows a substantial decline of 28.31%. Despite the company's strong management efficiency and healthy operating profit growth, the stock's valuation appears expensive relative to its peers, contributing to its recent poor performance.
In the broader market context, Crown Lifters has significantly underperformed compared to the benchmark Sensex, which has only declined by 2.90% over the past month. The stock's one-year return of -46.76% starkly contrasts with the market's slight negative return of -2.34%, indicating a lack of investor confidence. This underperformance is compounded by a decrease in investor participation, as evidenced by a drop in delivery volume. Although the company has shown strong financial results over the past quarters, the high valuation and substantial decline in stock price suggest that investors are cautious, leading to the current downward trend.