Why is Hind Rectifiers falling/rising?

As of 07-Nov, Hind Rectifiers Ltd is experiencing a decline in its stock price, currently at Rs 1,739.15, reflecting a decrease of Rs 91.5 or 5.0%. The stock has underperformed its sector by 4.77% today and has been on a downward trend for the last three days, accumulating a total loss of 6.97% during this period. Despite a strong performance over the past year with a return of 42.32% and consistent positive results over the last 12 quarters, the stock's recent movement is impacted by its current valuation concerns, as indicated by a low return on capital employed (ROCE) of 2.2 and a high enterprise value to capital employed ratio of 1.3. Additionally, the lack of domestic mutual fund investment may reflect hesitance regarding the stock's price or business fundamentals.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.86% compared to the Sensex's -0.86%. While the stock has shown impressive long-term growth, including a staggering 641.64% increase over the past three years, the recent price drop may be attributed to profit-taking or concerns over its high valuation relative to peers. The rising investor participation, evidenced by a 60.26% increase in delivery volume, suggests some interest in the stock, but the overall market sentiment appears cautious, contributing to the current decline in price.