Why is KSB falling/rising?

As of 24-Jul, KSB Ltd's stock price is currently at 878.45, reflecting a decrease of 9.55 points or 1.08%. The stock has underperformed its sector today by 0.78%, although it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, KSB has shown a positive return of 9.00%, while its year-to-date performance stands at 14.82%. However, the stock has faced challenges, including a significant decline of 11.85% over the past year, despite a 19.8% increase in profits during the same period. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit growing at an annual rate of 25.97%. However, its high valuation, indicated by a Price to Book Value of 10.3 and a PEG ratio of 3, raises concerns among investors.
In the broader market context, KSB's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.09% over the past week and a modest increase of 5.18% year-to-date. Despite the stock's strong long-term growth and rising investor participation, its underperformance over the last year, coupled with a very expensive valuation, may be contributing to the current downward price movement. The stock's liquidity remains adequate for trading, but the overall sentiment appears cautious, reflecting the challenges it faces in aligning with broader market trends.