Why is Indo Thai Sec. falling/rising?

As of 24-Jul, Indo Thai Securities Ltd's stock price is currently at Rs 194.20, reflecting a decrease of Rs 4.8, or 2.41%. The stock has underperformed its sector today by 1.67%, opening with a loss of 2.74% and reaching an intraday low of Rs 192.65. Despite a strong performance over the past year with a return of 627.34%, recent financial results indicate significant challenges, including a 24.2% decline in net sales and a drastic 179.8% fall in profit after tax compared to previous quarters. The company's operating losses and weak long-term fundamental strength, coupled with a high price-to-book value ratio, suggest that the stock is trading at a premium compared to its peers, contributing to the current downward pressure.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 5.35% decline over the past week compared to a negligible 0.09% drop in the Sensex. While the stock has shown impressive returns year-to-date at 52.51%, the recent negative financial indicators and lack of domestic mutual fund investment may signal investor caution. This combination of factors, including the stock's high valuation relative to its earnings and the recent operational losses, has likely contributed to the current decline in its stock price.