Why is Hind Rectifiers falling/rising?

As of 12-Sep, Hind Rectifiers Ltd is experiencing a decline in its stock price, currently at Rs 1,661.70, which reflects a decrease of Rs 31.25 or 1.85%. The stock has underperformed its sector by 3.91% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.13%. Additionally, the stock's performance over the past week shows a decline of 1.17%, while it has significantly underperformed the benchmark Sensex, which has gained 1.48% over the same period. Despite strong financial results, including an 84.85% growth in net profit and consistent positive performance over the last 11 quarters, the stock's valuation appears expensive with a high enterprise value to capital employed ratio, which may deter some investors.
Broader market context indicates that while the stock has shown impressive long-term returns, including an 87.58% increase over the past year, its recent performance contrasts sharply with the Sensex's 2.08% gain over the last month. The stock's liquidity is adequate, but a significant drop in delivery volume by 48.69% suggests falling investor participation, which could further pressure the stock price. The electronics components sector has seen a gain of 2.04%, highlighting that the challenges faced by Hind Rectifiers may be more company-specific rather than indicative of broader market trends.