Why is Frontier Springs falling/rising?

As of 12-Aug, Frontier Springs Ltd is experiencing a decline in its stock price, currently at Rs 4,706.20, which reflects a decrease of Rs 193.4 or 3.95%. Today's price summary indicates that the stock underperformed its sector by 3.67%, with an intraday low of Rs 4,563.4, marking a drop of 6.86%. Despite a strong performance over the longer term, with a year-to-date return of 107.74% and a one-year return of 181.96%, the stock has seen a decline of 5.37% over the past month. The company has reported outstanding results over the last seven quarters, including a net profit growth of 130.89% and record net sales, which suggests strong fundamentals. However, the stock's high valuation, indicated by a price-to-book value of 17.6 and a very expensive ROE of 33, may be contributing to the recent price drop, as it trades at a premium compared to its peers.
In the broader market context, the Sensex has declined by 0.59% over the past week and 2.75% over the past month, indicating a challenging environment for stocks in general. While Frontier Springs has outperformed the benchmark in the long term, its recent performance contrasts with the benchmark's slight decline, suggesting that investor sentiment may be shifting. Additionally, the lack of domestic mutual fund investment in the company, holding only 0% of its shares, could indicate a lack of confidence among institutional investors, further impacting the stock's price negatively.