Why is Multi Comm. Exc. falling/rising?

As of 08-Jul, Multi Commodity Exchange of India Ltd is experiencing a decline in its stock price, currently at Rs 8,498.75, which reflects a decrease of Rs 246.5 or 2.82%. The stock has underperformed its sector by 2.77% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.59% during this period. Despite a strong long-term performance with a 115.19% return over the past year and consistent positive results in the last five quarters, the stock's recent movement is influenced by its current trading dynamics, including a day’s low of Rs 8,378.55 and a weighted average price indicating more volume traded closer to this low. The stock's valuation appears expensive with a Price to Book Value of 23, despite high institutional holdings at 79.91% and a robust growth in net sales and operating profit.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -6.20% compared to the Sensex's slight increase of 0.02%. This underperformance in the short term contrasts sharply with the stock's strong long-term growth metrics, suggesting that while the fundamentals remain solid, market sentiment may be currently weighing on the stock's price. The increase in delivery volume by 1.47% against the 5-day average indicates some investor interest, but the overall liquidity remains stable, allowing for trades of significant size.