Why is Lucent Industrie falling/rising?

As of 07-Nov, Lucent Industries Ltd's stock price is currently at 1,030.00, reflecting a decrease of 47.05 points or 4.37%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 8.53% during this period. Today, it reached an intraday low of Rs 1029.1, and the weighted average price indicates that more volume was traded closer to this low. Despite a strong performance over the past year with a return of 97.36%, the stock's recent decline can be attributed to its very expensive valuation, as indicated by a high Price to Book Value of 102.1, and a return on equity of only 5.1%. Additionally, the lack of domestic mutual fund investment may suggest a lack of confidence in the stock at its current price.
In the broader market context, Lucent Industries has underperformed the Sensex, which has seen a decline of only 0.86% over the past week compared to the stock's 4.22% drop. While the stock has shown impressive long-term returns, outperforming the benchmark significantly over the past three years, its recent performance contrasts sharply with the market. The stock's liquidity remains adequate for trading, but the rising investor participation does not seem to be enough to counteract the negative sentiment stemming from its high valuation and stagnant profits.