Why is IFB Agro Inds. falling/rising?

As of 16-Sep, IFB Agro Industries Ltd is experiencing a decline in its stock price, currently at Rs 775.00, which reflects a decrease of 10.0 points or 1.27%. The stock has underperformed its sector by 1.07% today and has been on a downward trend for the last two days, accumulating a total loss of 2.94%. Despite opening with a gain of 2.42% and reaching an intraday high of Rs 804, the overall performance has been affected by a weighted average price that indicates more volume was traded closer to the low price. Over the past week, the stock has shown a positive return of 2.11%, and year-to-date, it has significantly outperformed the benchmark with a return of 32.72% compared to the Sensex's 5.43%. The company has demonstrated healthy long-term growth, with an operating profit increase of 111.48% and positive results over the last three quarters, which may have contributed to investor interest despite the recent price drop.
In the broader market context, while IFB Agro Industries Ltd has shown strong performance over the past year with a return of 34.26%, the overall market has struggled, as indicated by the BSE500's negative return of -2.93%. This contrast highlights the stock's resilience in a challenging market environment. However, the stock's recent decline may also be attributed to its high valuation metrics, such as a Price to Book Value of 1.2, which suggests it is trading at a premium compared to its peers. Additionally, the stock's return on equity (ROE) of 0.4 raises concerns about its valuation, potentially leading to profit-taking by investors after a strong performance.