Why is Netweb Technol. falling/rising?

As of 26-Aug, Netweb Technologies India Ltd is experiencing a decline in its stock price, currently at Rs 2,292.45, which reflects a decrease of Rs 55.6 or 2.37%. Today's price summary indicates that the stock has underperformed its sector by 1.87% and has fallen after three consecutive days of gains, touching an intraday low of Rs 2,275. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 7.27% and 18.77%, respectively. Additionally, the company has demonstrated strong long-term fundamentals, including a healthy average return on equity of 21.48% and significant growth in net sales and operating profit. However, the stock is considered very expensive with a high price-to-book value of 24.5, and institutional investor participation has decreased, which may contribute to the current price decline.
In the broader market context, while the stock has underperformed the market over the past year, generating a return of -15.19% compared to the BSE500's -3.87%, it has outperformed the benchmark in the short term, as evidenced by its positive returns over the last week and month. This contrast highlights the stock's volatility and the challenges it faces in maintaining investor confidence amidst falling institutional participation and a high valuation relative to its peers.