Why is Le Travenues falling/rising?

As of 08-Oct, Le Travenues Technology Ltd is currently priced at 295.15, reflecting a decrease of 15.8 points or 5.08%. The stock has been underperforming recently, having fallen for the last two consecutive days with a total decline of 5.34%. Today's trading saw a wide range, with an intraday high of Rs 324.35 and a low of Rs 290.1, indicating high volatility with an intraday volatility of 5.62%. Despite a strong year-to-date performance of 75.95% and a remarkable 101.33% return over the past year, the stock's recent decline is compounded by a drop in delivery volume by 27.23% against the 5-day average, suggesting falling investor participation.
In the broader market context, while the stock has outperformed the benchmark Sensex over the long term, it has underperformed in the short term, with a weekly return of 4.22% compared to the Sensex's 0.98%. This recent downturn may be attributed to its high valuation, with a Price to Book Value of 18.2, despite a relatively low debt-to-equity ratio and strong institutional holdings at 70.84%. The company's impressive growth in net sales and operating profit, alongside consistent positive quarterly results, indicates potential for recovery, but the current market sentiment appears cautious, reflecting the stock's recent price drop.