Why is Dr Lal Pathlabs falling/rising?

As of 05-Sep, Dr Lal Pathlabs Ltd is experiencing a decline in its stock price, currently at Rs 3,255.80, which represents a decrease of Rs 67.1 or 2.02%. The stock has underperformed its sector by 0.91% today and has seen a consecutive fall over the last two days, with a total decline of 2.38%. In terms of returns, the stock has shown a slight decrease of 1.31% over the past week, while it has gained 2.00% over the last month. Despite a strong long-term fundamental strength indicated by a high return on equity and low debt-to-equity ratio, the stock's valuation appears expensive, which may be contributing to its recent price movement. Additionally, while the stock has high institutional holdings and positive quarterly results, the overall performance over the past year has been negative, with a return of -4.66%.
In the broader market context, the Sensex has increased by 1.13% over the past week, contrasting with Dr Lal Pathlabs' decline. This underperformance relative to the benchmark may reflect investor sentiment and market conditions that are not favoring the stock at this time. The stock's recent price movements, combined with its higher trading volume near the day's low, suggest a cautious approach from investors, despite the company's strong fundamentals and positive long-term outlook.