Why is Data Pattern falling/rising?

As of 11-Jul, Data Patterns (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,847.05, which reflects a decrease of Rs 99.0 or 3.36%. The stock has underperformed its sector by 1.22% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.9%. The stock touched an intraday low of Rs 2,835, and trading volume has decreased, with delivery volume falling by 15.17% compared to the five-day average. Over the past week, the stock has dropped by 4.34%, and its one-year performance shows a significant decline of 16.12%, contrasting with the benchmark Sensex, which has gained 3.26% over the same period.
In the broader market context, Data Patterns' recent performance is notably weaker than the benchmark, as it has underperformed the market significantly over the last year. Despite the company showing strong long-term growth with a 31.60% annual increase in net sales and high institutional holdings, it faces challenges due to its high valuation metrics, such as a Price to Book Value of 10.6, which is considered expensive compared to peers. This valuation, combined with a relatively low return on equity of 14.7 and a PEG ratio of 3.3, may be contributing to investor caution, leading to the stock's recent price decline.