Why is Go Digit General falling/rising?

As of 31-Jul, Go Digit General Insurance Ltd is currently priced at Rs 369.80, experiencing a decline of Rs 1.2, or 0.32%. The stock has shown a trend reversal, falling after three consecutive days of gains. It reached an intraday low of Rs 362.15, reflecting a decrease of 2.39%. Despite this recent drop, the stock has performed well over the past week and month, with returns of 3.77% and 8.08%, respectively. Additionally, Go Digit General is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 18.96% compared to the 5-day average. The company's strong long-term fundamentals, including a 50.90% CAGR growth in operating profits and consistent positive results over the last five quarters, support its valuation, although it is considered expensive with a high price-to-book ratio.
In the broader market context, Go Digit's short-term performance contrasts with the benchmark Sensex, which has declined by 1.22% over the past week and 3.00% over the past month. This indicates that while Go Digit has managed to outperform the benchmark in the short term, the recent price drop may reflect broader market pressures or profit-taking by investors. The company's high institutional holdings suggest confidence among knowledgeable investors, yet the stock's high valuation and recent decline in trading volume may raise concerns about its sustainability in the current market environment.