Why is Data Pattern falling/rising?

As of 06-Aug, Data Patterns (India) Ltd is experiencing a decline in its stock price, currently at Rs 2,602.05, reflecting a decrease of Rs 61.2 or 2.3%. The stock has underperformed its sector by 1.01% today and has been on a downward trend for the last two days, accumulating a total decline of 4.06%. The stock touched an intraday low of Rs 2,588, and trading volume has decreased, with delivery volume falling by 8.77% compared to the five-day average. Over the past week, the stock has gained 0.34%, but it has seen a significant drop of 12.57% over the past month and an annual decline of 8.68%, despite a strong long-term performance with a 217.50% increase over three years.
In the broader market context, the Sensex has declined by 1.15% over the past week and 3.46% over the past month, indicating a challenging environment for stocks in general. While Data Patterns has shown healthy long-term growth with a 31.60% annual increase in net sales and strong institutional support, the stock is currently facing pressure due to its high valuation metrics, including a price-to-book ratio of 9.7, which is considered expensive compared to its peers. This premium valuation, combined with a relatively low return on equity of 14.7 and a high PEG ratio of 3, may be contributing to investor caution, leading to the recent price decline.