Why is NBCC falling/rising?

As of 12-Jun, NBCC (India) Ltd is currently priced at 120.70, reflecting a decline of 3.6 points or 2.9%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total drop of 6.18% during this period. Today's trading saw the stock reach an intraday low of Rs 120.4, and it has been trading with higher volumes near this low price. In the past week, the stock has decreased by 4.96%, while it has shown a strong performance over the longer term with a year-to-date increase of 30.04%. Despite its high management efficiency and healthy long-term growth, the stock is facing pressure due to its expensive valuation relative to peers and a recent decline in investor participation.
Broader market context indicates that the construction and real estate sector, in which NBCC operates, has also experienced a downturn, falling by 2.02%. While the Sensex has gained 0.31% over the past week, NBCC's performance has lagged significantly. This divergence highlights the stock's recent struggles despite its historical outperformance over longer periods, such as a 478.73% increase over the past three years. The combination of sector-wide declines, falling investor interest, and the stock's premium valuation compared to its peers contributes to the current downward pressure on NBCC's stock price.