Why is Garuda Cons falling/rising?

As of 25-Jul, Garuda Construction and Engineering Ltd's stock price is currently at Rs 170.20, reflecting a decline of Rs 5.55 or 3.16%. The stock has been underperforming, having lost 10.01% over the last two days and underperforming its sector by 2.44% today. Despite a strong performance over the past month with a return of 38.37%, the stock's recent movement is concerning, particularly as it touched an intraday low of Rs 169. The delivery volume has also significantly decreased by 54.94% compared to the 5-day average, indicating falling investor participation. While the company has shown high management efficiency with a return on equity of 22.81% and impressive net profit growth of 55.27%, its valuation appears expensive with a price-to-book ratio of 4.8, which may be contributing to the stock's recent decline.
In the broader market context, Garuda's short-term performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.36% over the past week. Although Garuda's stock has outperformed the Sensex over the past month, the recent consecutive falls suggest that investor sentiment may be shifting negatively despite the company's strong quarterly results. The overall market environment, combined with the stock's high valuation and declining trading volume, may be influencing the downward pressure on Garuda's stock price.