Why is Doms Industries falling/rising?

As of 26-Sep, Doms Industries Ltd is experiencing a decline in its stock price, currently at 2,478.90, which reflects a decrease of 78.2 points or 3.06%. The stock has underperformed its sector by 1.6% today and has been on a downward trend for the last two days, accumulating a total loss of 5.2% during this period. Additionally, the stock's performance over the past week shows a decline of 5.32%, while its year-to-date performance indicates a drop of 5.35%. Despite the company declaring positive results over the last six consecutive quarters, including record net sales and operating profit, the stock's valuation appears expensive with a Price to Book Value of 15, contributing to the recent price decline.
In the broader market context, Doms Industries' short-term performance has been worse than the benchmark Sensex, which has decreased by 2.66% over the same week. The stock's liquidity is adequate for trading, but there has been a notable decrease in investor participation, with delivery volume falling by 23.85% against the five-day average. While the company maintains strong fundamentals, such as low debt and high profitability, the high institutional holdings of 25.32% may not be enough to counteract the negative sentiment reflected in the stock's recent performance.