Why is Escorts Kubota falling/rising?

As of 19-Sep, Escorts Kubota Ltd's stock price is currently at Rs 3,691.95, reflecting a decrease of Rs 98.85 or 2.61%. The stock has experienced a trend reversal, falling after three consecutive days of gains, and touched an intraday low of Rs 3,654.75, which is a decline of 3.59%. Despite this drop, the stock has shown positive performance over the past month with a return of 2.61%, and it has outperformed the benchmark Sensex, which increased by 1.20% in the same period. The company has a low debt-to-equity ratio and has reported strong financial results, including a significant increase in operating cash flow and profit after tax. However, the stock is considered very expensive with a high price-to-book value, which may be contributing to the recent price decline.
In the broader market context, while Escorts Kubota's stock has fallen today, it has still shown a year-to-date return of 10.98%, significantly outperforming the Sensex's 5.74% over the same timeframe. The stock's recent decline is occurring in a sector where the auto-tractor segment has also fallen by 2.33%, indicating sector-wide pressures. Additionally, despite the stock's current drop, rising investor participation is noted, with a substantial increase in delivery volume, suggesting continued interest from investors. Overall, while the stock is facing short-term challenges, its long-term performance remains strong relative to the market.