Why is Le Travenues falling/rising?

As of 03-Nov, Le Travenues Technology Ltd is experiencing a decline in its stock price, currently at Rs 257.25, which reflects a decrease of Rs 13.0 or 4.81%. The stock has underperformed its sector by 6.38% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 20.77% during this period. Despite a strong year-to-date performance of 53.35% and a one-year return of 72.36%, the recent quarterly results have raised concerns, with a significant drop in profit after tax and operating profit, indicating potential weaknesses in the company's financial health. Additionally, while the stock has a low debt-to-equity ratio and high institutional holdings, the recent flat results have led to a perception of an expensive valuation, contributing to the current price decline.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a one-week return of -19.46% compared to the Sensex's -0.94%. This stark contrast highlights the stock's struggles relative to the overall market, particularly following disappointing quarterly results. Although the company has shown healthy long-term growth in net sales and operating profit, the recent financial performance has overshadowed these positives, leading to increased selling pressure among investors.