Why is MPS falling/rising?

As of 20-Aug, MPS Ltd. is experiencing a decline in its stock price, currently at 2,149.00, which represents a decrease of 26.0 points or 1.2%. The stock has underperformed its sector by 0.8% today and has been on a downward trend, falling for the last two days with a total decline of 2.54%. Over the past week, MPS has seen a return of -4.47%, and its performance over the last month is also negative at -12.11%. Despite positive financial results in the last four quarters, including a high return on capital employed (ROCE) of 40.65% and significant growth in profit before tax and profit after tax, the stock is trading at a premium compared to its peers, which may be contributing to investor hesitation.
In the broader market context, the Sensex has increased by 1.64% over the past week, contrasting sharply with MPS's decline. This suggests that while the overall market is performing well, MPS is struggling to attract investor interest, as indicated by a low delivery volume that has decreased by 3.07% against its five-day average. Additionally, domestic mutual funds hold only a minimal stake in the company, which may reflect a lack of confidence in its current valuation despite its strong financial performance. The high dividend yield of 3.82% may not be enough to offset concerns regarding its expensive valuation and the stock's recent underperformance relative to the market.