Why is Data Pattern falling/rising?

As of 28-Jul, Data Patterns (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,571.15, which reflects a decrease of Rs 108.85 or 4.06%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in an overall drop of 8.5% during this period. It has also underperformed its sector by 2.84% today, with a day's low of Rs 2,557.6. In terms of returns, the stock has decreased by 5.74% over the past week and 8.99% over the past month, while it has seen a significant decline of 22.10% over the past year, contrasting with a modest gain of 3.52% in the year-to-date performance. Despite positive long-term growth indicators, such as a 31.60% annual growth in net sales and high institutional holdings, the stock's valuation appears expensive with a Price to Book Value of 9.5, contributing to its recent downward trend.
Broader market context shows that Data Patterns has significantly underperformed compared to the benchmark Sensex, which has only declined by 1.59% over the past week and 3.77% over the past month. The broader market has also generated negative returns of -2.52% over the last year, while Data Patterns' return has been much worse at -22.10%. This stark contrast highlights the stock's struggles relative to the overall market, further exacerbated by falling investor participation and a decrease in delivery volume, indicating a lack of confidence among investors.