Why is Garuda Cons falling/rising?

As of 21-Aug, Garuda Construction and Engineering Ltd's stock price is currently at 195.60, reflecting a decline of 3.6 points or 1.81%. Today's price summary indicates that the stock has underperformed its sector by 2.33% and has experienced a trend reversal after three consecutive days of gains. The stock reached an intraday high of Rs 204.8 but fell to a low of Rs 194.85, with trading volume weighted towards the lower price. Despite a strong year-to-date return of 46.53%, the stock's recent performance has been impacted by a decrease in investor participation, as evidenced by an 11.42% drop in delivery volume compared to the five-day average. The company has demonstrated high management efficiency with a return on equity of 22.81% and has reported significant growth in net profit and sales, but concerns about long-term growth persist due to a modest annual operating profit growth rate of 9.51% over the last five years.
In the broader market context, Garuda's short-term performance has significantly outpaced the benchmark Sensex, which has only gained 1.74% over the past week, while Garuda's stock has risen by 11.58%. However, the recent decline in Garuda's stock price may reflect a market correction after its rapid ascent, alongside a general decline in investor participation. The stock's valuation appears expensive with a price-to-book ratio of 5.5, which could be contributing to the downward pressure on its price despite the positive growth indicators. Overall, while the company has shown strong financial results, the combination of high valuation concerns and reduced trading activity may be influencing the current price movement.