Why is Krishanveer Forg falling/rising?

As of 16-Jul, Krishanveer Forge Ltd's stock price is currently at Rs 118.40, reflecting a decline of Rs 5.6 or 4.52%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 11.28% during this period. Today's trading saw the stock reach a high of Rs 126.85 but ultimately closed lower, indicating a lack of sustained buying interest. Despite a strong performance over the past month with a return of 27.33%, the stock's recent trend is concerning, especially given the significant drop in delivery volume by 53.48% compared to the five-day average. While the company has shown positive long-term growth with a 17.00% return over the past year and a solid ROE of 13.3%, the flat results in net sales and poor long-term growth metrics may be contributing to the current price decline.
In the broader market context, Krishanveer Forge Ltd's short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex over the past week with a slight decline of only 0.08% compared to the benchmark's 1.08% drop. However, the stock's recent underperformance against its sector by 4.22% today suggests that investor sentiment may be shifting negatively. The company's premium valuation compared to peers, alongside concerns regarding its growth potential, may be causing investors to reassess their positions, leading to the current downward price movement.