Why is Olectra Greentec falling/rising?

As of 11-Jul, Olectra Greentech Ltd's stock price is currently at 1,225.00, reflecting a decline of 21.55 points or 1.73%. Today's price summary indicates that the stock has underperformed its sector by 0.32%, reaching an intraday low of Rs 1218.15. Despite a strong performance over the past three years with a return of 112.31%, the stock has struggled recently, showing a year-to-date decline of 15.31% and a significant drop of 33.43% over the past year. The company has reported positive financial results in the last three quarters, with net sales growing at an impressive annual rate of 55.14% and operating profit at 81.89%. However, the stock's high valuation, indicated by a Price to Book Value of 9.6, and a low stake from domestic mutual funds may contribute to investor hesitation.
In the broader market context, Olectra Greentech's short-term performance has been relatively better than the benchmark, as it has gained 2.14% over the past week while the Sensex has declined by 1.12%. However, the stock's long-term underperformance, particularly its 33.43% drop over the past year compared to the market's slight gain of 0.52%, raises concerns among investors. This disparity, coupled with the company's high valuation and low domestic mutual fund interest, suggests that while there are positive growth indicators, the stock's recent price movement reflects broader investor caution and market sentiment.