Why is Elantas Beck falling/rising?

As of 22-Jul, Elantas Beck India Ltd is experiencing a decline in its stock price, currently at 13,625.35, reflecting a decrease of 231.65 points or 1.67%. Despite this drop, the stock has shown positive performance over the past week, gaining 1.74%, and has significantly outperformed the benchmark Sensex over various periods, including a 26.28% return over the last year. Today's trading saw the stock reach an intraday high of Rs 14,148, although it ultimately underperformed its sector by 1.6%. The stock's moving averages indicate it is performing better than longer-term averages but is currently below the 5-day moving average. Additionally, rising investor participation is noted, with a significant increase in delivery volume.
In the broader market context, while Elantas Beck has shown strong returns over the past year and three years compared to the Sensex, the current decline may be influenced by concerns over its long-term growth potential, as evidenced by a modest annual net sales growth rate of 14.19% over the last five years and a recent drop in profits. The company's high valuation, reflected in a Price to Book Value of 12.4, alongside a decrease in profit after tax, may also contribute to investor caution. Overall, while the stock has demonstrated solid historical performance, recent financial results and valuation concerns appear to be weighing on its current price movement.