Why is Garuda Cons falling/rising?

As of 02-Sep, Garuda Construction and Engineering Ltd's stock price is currently at 208.35, reflecting a decrease of 10.95 points or 4.99%. The stock has recently underperformed its sector by 6.04% and has experienced a trend reversal after two consecutive days of gains. Today, it reached an intraday high of Rs 229.9 but also fell to a low of Rs 204, indicating high volatility with a wide trading range of Rs 25.9. Despite a strong year-to-date return of 56.08%, the stock's recent performance has been impacted by a decline in investor participation, as evidenced by a 23.35% drop in delivery volume compared to the five-day average. The company has shown strong financial results, including a 55.27% growth in net profit and a high return on equity of 22.81%, but concerns about long-term growth and a high valuation may be weighing on investor sentiment.
In the broader market context, Garuda's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 0.78% over the past week while Garuda's stock has increased by 1.81%. However, the stock's current decline may reflect profit-taking after hitting a new high and the overall volatility in the market. While the company has demonstrated strong operational efficiency and positive financial results, the concerns regarding its long-term growth prospects and high valuation could be contributing to the recent downward pressure on the stock price.