Why is Endurance Tech falling/rising?

As of 04-Jul, Endurance Technologies Ltd. is experiencing a decline in its stock price, currently at 2,787.25, which reflects a decrease of 22.75 or 0.81%. The stock has underperformed its sector by 1.48% today and has been on a downward trend for the last three days, resulting in a total decline of 3.39% during this period. Despite this recent downturn, the stock has shown strong performance over the past week, with a return of 5.91%, and a significant increase of 13.03% over the past month. The company has maintained positive financial metrics, including a low debt-to-equity ratio and strong cash reserves, which could support its long-term value. However, the stock's recent performance is tempered by falling investor participation, as indicated by a 60.95% drop in delivery volume compared to the five-day average.
In the broader market context, while Endurance Technologies has outperformed the Sensex over various time frames, including a year-to-date return of 29.36% compared to the Sensex's 6.77%, the recent three-day decline suggests a shift in investor sentiment. The stock's high institutional holdings at 23.26% indicate confidence from larger investors, yet the company's expensive valuation, reflected in a Price to Book Value of 6.9 and a PEG ratio of 2.2, raises concerns about its long-term growth potential. This combination of strong short-term returns against a backdrop of declining participation and valuation concerns may be contributing to the current price movement.