Why is KSB falling/rising?

As of 06-Nov, KSB Ltd's stock price is currently at 768.35, reflecting a decrease of 4.7 points or 0.61%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 3.93% over the past week. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 57.17% compared to the 5-day average. While the company boasts a high return on equity (ROE) of 16.17% and a low debt-to-equity ratio, it faces challenges such as flat results in June and a high price-to-book value ratio, which contribute to its perception as an expensive stock.
In the broader market context, KSB Ltd's performance has been underwhelming compared to the benchmark Sensex, which has gained 1.86% over the past month while KSB has declined by 4.10%. This stark contrast highlights the stock's struggle in a generally positive market environment. Despite a strong long-term growth rate in operating profit, the stock's negative returns over the past year, coupled with a high PEG ratio of 2.9, suggest that investors may be cautious. Overall, the combination of recent poor performance, declining investor interest, and a challenging valuation landscape contributes to the stock's current downward movement.