Why is Krishanveer Forg falling/rising?

As of 22-Sep, Krishanveer Forge Ltd's stock price is currently at Rs 140.70, reflecting a decrease of Rs 3.3 or 2.29%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.56% during this period. Today's performance indicates that it underperformed its sector by 1.39%, and it reached an intraday low of Rs 138.05. Despite a strong year-to-date return of 35.29%, the stock has shown a slight decline of 0.18% over the past month. The company maintains a low debt-to-equity ratio and has demonstrated consistent returns over the last three years, which suggests a fair valuation despite the recent price drop.
Broader market context shows that while Krishanveer Forge Ltd has outperformed the benchmark Sensex over the long term, its recent short-term performance contrasts with the benchmark's modest gain of 0.46% over the past week. The stock's liquidity remains adequate for trading, and there has been a rise in investor participation, as evidenced by a 17.17% increase in delivery volume. However, the stock's current trading at a premium compared to its peers may be contributing to the recent downward pressure, despite the company's solid fundamentals and consistent profit growth.