Why is Krishanveer Forg falling/rising?

As of 24-Sep, Krishanveer Forge Ltd is experiencing a decline in its stock price, currently at Rs 138.80, down by Rs 4.55 or 3.17%. Today's price summary indicates that the stock underperformed its sector by 1.41%, reaching an intraday low of Rs 136.2, which represents a decrease of 4.99%. Despite a strong performance over the long term, with a year-to-date return of 33.46% and a three-year return of 222.42%, the stock has seen a recent downturn, reflected in a 1.53% drop over the past month. The company's low debt-to-equity ratio and a fair valuation with a Price to Book Value of 3.6 suggest a stable financial position, but the falling investor participation, with a significant drop in delivery volume, may be contributing to the current price decline.
In the broader market context, Krishanveer Forge Ltd's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.50% over the past month. While the stock has historically outperformed the BSE500, the current underperformance relative to the sector and the benchmark indicates a shift in investor sentiment. The stock's premium valuation compared to peers and the recent decline in trading volume may be causing caution among investors, leading to the observed price drop.