Why is Data Pattern falling/rising?

As of 18-Jul, Data Patterns (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,758.30, reflecting a decrease of Rs 141.7 or 4.89%. The stock has underperformed its sector by 4.79% today and has fallen after four consecutive days of gains. It touched an intraday low of Rs 2,732.15, indicating a drop of 5.79%. Over the past week, the stock has decreased by 3.12%, and it has also underperformed over the last month with a decline of 8.21%. Despite a strong long-term growth trajectory, with net sales increasing at an annual rate of 31.60%, the stock's valuation remains high, trading at a premium compared to its peers, which may be contributing to the recent price drop.
In the broader market context, Data Patterns has underperformed the benchmark Sensex, which has seen a slight increase of 0.38% over the past month. The stock's performance over the past year has been particularly poor, with a return of -12.49%, significantly worse than the Sensex's gain of 0.51%. The decline in investor participation, as evidenced by a 42.32% drop in delivery volume compared to the five-day average, further suggests waning interest among investors. While the company has high institutional holdings, which typically indicate confidence in its fundamentals, the high Price to Book Value and the elevated PEG ratio may deter potential investors, contributing to the stock's current downward trend.