Why is ICRA falling/rising?

As of 19-Nov, ICRA Ltd's stock price is currently at 6,102.00, reflecting a decline of 90.45 points or 1.46%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 3.45% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite some positive indicators such as a high return on equity (ROE) of 15.29% and a low debt-to-equity ratio, the company has shown poor long-term growth with net sales increasing at an annual rate of only 10.96% over the last five years. Additionally, while the stock has generated a return of -0.97% over the past year, its profits have risen by 24.3%, suggesting that the stock may be overvalued with a price-to-book ratio of 5.4.
In the broader market context, ICRA's performance has been notably weaker compared to the benchmark Sensex, which has gained 0.85% over the past week, while ICRA's stock has decreased by 3.20%. This underperformance is further highlighted by its negative returns over the past month and year, contrasting sharply with the Sensex's positive returns of 1.47% and 9.02%, respectively. The stock's recent struggles, combined with its underperformance against the broader market and sector, contribute to a negative sentiment among investors, leading to the observed decline in its price.