Why is Endurance Tech falling/rising?

As of 02-Jul, Endurance Technologies Ltd. is experiencing a decline in its stock price, currently at 2,862.80, which represents a decrease of 22.25 or 0.77%. Today's performance indicates that the stock has underperformed its sector by 1.54% and has reversed its trend after three consecutive days of gains. The stock reached an intraday low of Rs 2805, reflecting a drop of 2.77%. Despite this short-term decline, the stock has shown strong performance over the past week, month, and year, with returns of 3.50%, 18.57%, and 5.27%, respectively. The company has demonstrated solid fundamentals, including positive results for the last six quarters and a high cash position, but it also faces challenges such as a relatively high valuation and modest long-term growth.
In the broader market context, while Endurance Technologies has outperformed the Sensex over various periods, including a 32.87% year-to-date return compared to the Sensex's 6.75%, the recent decline may reflect profit-taking after a strong run. The stock's liquidity remains adequate, with increased delivery volume indicating rising investor participation, which could support future price recovery. However, the stock's premium valuation and slower operating profit growth could be contributing factors to its current price movement, as investors weigh the company's long-term growth prospects against its recent performance.