Why is Endurance Tech falling/rising?

As of 22-Sep, Endurance Technologies Ltd. is experiencing a decline in its stock price, currently at 2,858.30, reflecting a decrease of 19.35 points or 0.67%. The stock has underperformed its sector today by 0.56% and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.43%. Despite a positive long-term performance with a year-to-date increase of 32.66% and a 16.31% rise over the past year, the stock's recent movement is influenced by its intraday low of Rs 2817.8, which indicates volatility. The company maintains a low debt-to-equity ratio and has shown healthy long-term growth, with net sales increasing at an annual rate of 16.52% and operating profit at 19.75%. However, the stock is trading at a premium compared to its peers, which may be contributing to the current price pressure.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, while Endurance Technologies has declined by 0.31% in the same period. This indicates that the stock is not only underperforming relative to the market but also facing challenges despite high institutional holdings of 23.08%, which typically suggest confidence in the company's fundamentals. The stock's performance over the last three years has been strong, outperforming the BSE500, but the recent short-term trends may be causing concern among investors, leading to the current price decline.