Why is Olectra Greentec falling/rising?

As of 30-Jul, Olectra Greentech Ltd's stock price is currently at 1,419.75, reflecting a decline of 10.7 points or 0.75%. The stock has been experiencing a downward trend, having fallen for the last four consecutive days, resulting in a total drop of 7.52% during this period. Despite touching an intraday high of Rs 1461.6 today, the stock's performance has been impacted by a significant decrease in investor participation, with delivery volume plummeting by 82.95% compared to the five-day average. Although the company has demonstrated strong long-term growth with net sales increasing at an annual rate of 55.14% and positive results over the last three quarters, its high valuation relative to peers and a negative return of -17.22% over the past year have raised concerns among investors.
In the broader market context, Olectra Greentech's recent performance contrasts sharply with the benchmark, as the stock has outperformed the Sensex by 6.95% over the past week, while the Sensex itself has declined by 1.50%. However, the stock's year-to-date performance shows a decline of 1.85%, while the Sensex has gained 4.28%. This underperformance over a longer horizon, coupled with a relatively low stake from domestic mutual funds, suggests a lack of confidence in the stock's current valuation. Despite the company's healthy growth metrics, the overall sentiment appears cautious, leading to the recent price decline.