Why is Esaar (India) falling/rising?

As of 04-Jul, Esaar (India) Ltd's stock price is currently at Rs. 12.13, reflecting a decrease of Rs. 0.21 or 1.7%. The stock has recently hit a new 52-week high of Rs. 12.58, but it is underperforming its sector by 1.83% today. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 65.19% against the 5-day average. Over the past year, the stock has shown impressive returns of 79.70%, significantly outperforming the market, which has only returned 2.13%. The company has also reported positive results for the last three consecutive quarters, with net sales and profits increasing, contributing to its attractive valuation.
In the broader market context, while Esaar (India) has demonstrated strong performance over the past year, its recent decline in price may be attributed to a combination of falling investor participation and underperformance relative to its sector. The stock's short-term return of 0.66% over the past week contrasts with the Sensex's decline of 0.74%, indicating that while the stock has been resilient, it is currently facing headwinds. The stock's premium valuation compared to peers and the high return on equity may support its long-term prospects, but the recent price movement suggests that investors are cautious, possibly due to the recent drop in trading volume and sector performance.