Why is Data Pattern falling/rising?

As of 24-Jul, Data Patterns (India) Ltd is experiencing a decline in its stock price, currently at 2,778.25, reflecting a decrease of 3.75 points or 0.13%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.13%. Over the past week, the stock has dropped by 4.20%, while it has also underperformed the market over the last month with a 5.34% decrease compared to a slight increase of 0.16% in the benchmark. Despite a strong long-term growth trajectory, with net sales growing at an annual rate of 31.60% and a high institutional holding of 20.86%, the stock is facing pressure due to its high valuation metrics, including a Price to Book Value of 10.3, which is considered expensive relative to its peers.
In the broader market context, Data Patterns has significantly underperformed the BSE500 index over the past year, generating a return of -9.92% while the index has seen a modest gain of 0.99%. This underperformance is compounded by a notable decline in investor participation, with delivery volume dropping by 47.76% against the five-day average, indicating reduced interest from traders. The stock's current liquidity remains adequate for trading, but the combination of falling investor interest and high valuation concerns may be contributing to its recent price decline.