Why is Escorts Kubota falling/rising?

As of 22-Sep, Escorts Kubota Ltd is experiencing a decline in its stock price, currently at 3,648.75, reflecting a decrease of 43.2 points or 1.17%. The stock has underperformed its sector by 0.29% today and has been on a consecutive downward trend for the last two days, resulting in a total loss of 3.75% during this period. Despite this recent decline, the stock has shown positive performance over the past month with a return of 2.01% and a year-to-date increase of 9.68%. The company boasts a low debt-to-equity ratio and has reported strong operating cash flow and profit margins, which are positive indicators. However, the stock is considered very expensive with a high price-to-book value and has underperformed over the past year, generating a return of -10.53% despite a significant rise in profits.
In the broader market context, the stock's short-term performance over the past week shows a slight gain of 0.39%, while the benchmark Sensex has increased by 0.46%. This indicates that while the stock has been relatively stable compared to the market, it is still facing challenges that have led to its recent decline. The overall market sentiment appears to be slightly positive, as evidenced by the benchmark's performance, but the stock's recent consecutive falls and high valuation concerns may be contributing to investor caution.