Why is Kirl.Pneumatic falling/rising?

As of 24-Jun, Kirloskar Pneumatic Company Ltd is experiencing a decline in its stock price, currently at 1,383.65, down by 10.35 points or 0.74%. Despite this recent drop, the stock has shown positive momentum over the past week and month, with returns of 4.75% and 10.36%, respectively. The stock is trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally positive trend prior to this decline. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 48.54% compared to the 5-day average. The company has demonstrated strong fundamentals, including a low debt-to-equity ratio and consistent profit growth, with positive results reported for the last five consecutive quarters.
In the broader market context, while Kirloskar Pneumatic's recent performance has been strong, it is important to note that the stock's year-to-date return is down 10.61%, contrasting with a 5.01% increase in the Sensex. This suggests that while the stock has performed well recently, it has lagged behind the broader market over a longer period. The stock's valuation is considered expensive, with a price-to-book value of 8.2, which may be contributing to the recent price decline as investors reassess its worth relative to its peers. Overall, the combination of strong short-term performance and recent price corrections reflects a complex interplay of investor sentiment and market valuation.