Why is Intl. Conveyors falling/rising?

As of 04-Jul, International Conveyors Ltd is currently priced at 94.43, reflecting a decrease of 0.28 or 0.3%. The stock has been underperforming, having fallen for the last three days with a total decline of 2.91%. Additionally, the stock's performance today has underperformed its sector by 1.04%. Despite a strong performance over the past month with a return of 16.24%, the recent trend shows a decline in investor participation, as evidenced by a significant drop in delivery volume by 55.52% compared to the 5-day average. The company has demonstrated solid financial metrics, including a low debt-to-equity ratio and impressive growth in net sales, which could support a positive outlook; however, the stock's recent price movement suggests a cautious sentiment among investors.
In the broader market context, the stock has outperformed the benchmark Sensex over various time frames, including a 1-year return of 13.84% compared to the benchmark's 4.23%. However, the stock's recent short-term decline contrasts with its overall strong performance, indicating that while the long-term fundamentals remain robust, short-term pressures may be affecting investor sentiment. The stock's valuation appears expensive with a Price to Book Value of 1.8, which may contribute to the recent pullback as investors reassess their positions amidst falling participation and consecutive price declines.