Why is Doms Industries falling/rising?

As of 18-Sep, Doms Industries Ltd is currently priced at 2,601.80, reflecting a decline of 9.8 points or 0.38%. The stock's performance today is in line with its sector, although it shows a mixed trend in moving averages, being higher than the 20-day, 50-day, and 100-day averages but lower than the 5-day and 200-day averages. Notably, there has been a significant drop in investor participation, with delivery volume falling by 56.2% against the 5-day average. Over the past year, the stock has underperformed, generating a return of -6.71%, despite the company reporting strong fundamentals, including a healthy growth in net sales and operating profit. However, the stock's high valuation, indicated by a Price to Book Value of 15.7, and a PEG ratio of 2.5, may be contributing to its recent price decline.
In the broader market context, the stock's short-term return of +0.11% over the past week is significantly lower than the benchmark Sensex, which has risen by 1.80% in the same period. This consistent underperformance against the benchmark over the last three years, coupled with a return on equity of 20.2%, suggests that investors may be cautious about the stock's valuation despite its strong long-term fundamentals and high institutional holdings of 25.32%. The combination of falling investor participation and high valuation metrics may be influencing the stock's downward movement in the current market environment.