Why is MPS falling/rising?

As of 24-Sep, MPS Ltd. is experiencing a decline in its stock price, currently at 2,227.35, reflecting a decrease of 29.55 points or 1.31%. The stock has been losing value for the last two days, with a total drop of 2.13% during this period. Although the stock has shown positive performance over the longer term, with a year-to-date increase of 12.02% and a one-year return of 5.66%, it is currently facing challenges. The stock's delivery volume has significantly decreased by 69.84% compared to the five-day average, indicating falling investor participation. Despite a high dividend yield of 3.66% and positive financial results over the last four quarters, the stock is perceived as expensive with a high Price to Book Value ratio, which may be contributing to the recent sell-off.
In the broader market context, MPS Ltd.'s short-term performance has been slightly worse than the benchmark, with a one-week return of -1.44% compared to the Sensex's -1.18%. This underperformance may reflect broader market sentiments, as the stock is trading at a premium relative to its peers, which could deter potential investors. Additionally, the low stake held by domestic mutual funds, at only 0.18%, suggests a lack of confidence in the stock's current valuation or business prospects. Overall, while MPS Ltd. has shown strong long-term growth, the recent price decline appears to be driven by a combination of reduced trading activity, perceived overvaluation, and cautious sentiment among institutional investors.