Why is NBCC falling/rising?

As of 21-Aug, NBCC (India) Ltd is currently priced at 104.10, reflecting a decrease of 1.25, or 1.19%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.35%. Over the past month, the stock has seen a significant drop of 9.71%, while its year-to-date performance remains positive at 12.15%. Despite a healthy long-term growth rate in operating profit of 78.55% and a high return on equity (ROE) of 19.05%, the stock is trading at a premium compared to its peers, which may contribute to its recent decline. Additionally, while institutional investors have increased their stake by 3.1%, indicating confidence in the company, the stock's performance over the past year has been negative at -13.22%, which could be weighing on investor sentiment.
In the broader market context, the Sensex has outperformed NBCC in the short term, gaining 1.74% over the past week compared to NBCC's modest increase of 0.58%. This underperformance relative to the benchmark may further exacerbate negative perceptions among investors. The stock's liquidity remains adequate, with a delivery volume increase of 11.67% against the five-day average, suggesting some level of interest despite the price decline. Overall, while there are positive indicators such as rising institutional participation and efficient management, the recent price movement reflects a combination of short-term underperformance and broader market trends that are not favorable for NBCC at this time.