Why is Intl. Conveyors falling/rising?

As of 02-Jul, International Conveyors Ltd's stock is currently priced at 95.52, reflecting a decrease of 1.74, or 1.79%. The stock has underperformed its sector by 1.29% today and has experienced a trend reversal after ten consecutive days of gains. It touched an intraday low of Rs 94.63, which is a decline of 2.7%. Despite this drop, the stock has shown strong performance over the past week, month, and year, with returns of 2.27%, 15.64%, and 14.60%, respectively, significantly outperforming the benchmark Sensex during these periods. Positive factors contributing to the stock's performance include a low debt-to-equity ratio, impressive net sales growth of 109.28%, and rising promoter confidence, as they have increased their stake in the company by 0.54%. However, the stock's valuation appears expensive with a Price to Book Value of 1.8, which may be a concern for some investors.
In the broader market context, the stock's recent performance has been strong compared to the benchmark, with a year-to-date return of 14.00% against the Sensex's 6.75%. This indicates that while the stock is currently experiencing a decline, it has generally outperformed the market over a longer time frame. The recent drop in price may be attributed to profit-taking after a sustained period of gains, as well as the stock's current valuation concerns. Overall, while the stock has shown resilience and strong fundamentals, the recent price movement reflects a temporary setback in the context of its recent performance trajectory.