Why is International Ge falling/rising?

As of 22-Jul, the stock price of International Gemmological Institute (India) Ltd is currently at 395.60, reflecting a decrease of 0.55, or 0.14%. The stock has underperformed its sector today by 0.45%, although it has shown a positive trend over the past month with a return of 14.52%. Key performance indicators reveal that the stock is trading higher than its 5-day, 20-day, 50-day, and 100-day moving averages, but lower than its 200-day moving average. Additionally, the company has demonstrated strong financial performance with a net sales growth of 21.3% and a high return on equity (ROE) of 40.21%. However, the stock is considered expensive with a price-to-book value of 16.1, which may deter some investors despite the company's low debt-to-equity ratio.
In the broader market context, the stock has underperformed compared to the Sensex, which has seen a slight decline of 0.47% over the past week while the stock itself has dropped by 0.75%. This indicates that the stock's recent price movement is not entirely aligned with the overall market trend. Despite the company's strong financial metrics and rising investor participation, the high valuation may be a concern for potential investors, contributing to the stock's current downward movement. Overall, while the company shows promising growth in sales and profitability, its expensive valuation and recent underperformance against the benchmark may be influencing the stock's price decline.