Why is Data Pattern falling/rising?

As of 31-Jul, Data Patterns (India) Ltd is experiencing a rise in its stock price, currently at 2,642.15, reflecting an increase of 48.95 or 1.89%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 2.6%. However, it opened the day with a loss of 4.35% and touched an intraday low of Rs 2,480.3 before reaching a high of Rs 2,715. Despite this volatility, the stock has outperformed its sector by 2.33%. Over the past week, the stock has declined by 4.90%, and over the past month, it has dropped by 9.82%. The company has a low debt-to-equity ratio and has reported significant growth in net sales, which supports a positive outlook. However, it is trading at a premium compared to its peers, and its return on equity indicates an expensive valuation, which may contribute to the stock's fluctuations.
In the broader market context, Data Patterns has underperformed the benchmark Sensex over the past year, with a return of -17.17% compared to the Sensex's -0.68%. While the stock has shown strong long-term growth, its recent performance has been weaker than the market, particularly in the last year where it has significantly lagged behind the BSE500 index. This underperformance, combined with falling investor participation and a high price-to-book ratio, suggests that while there are positive growth indicators, the stock's valuation and market sentiment may be impacting its price movements negatively in the short term.