Why is Olectra Greentec falling/rising?

As of 14-Aug, Olectra Greentech Ltd is experiencing a decline in its stock price, currently at 1,469.50, which reflects a decrease of 10.35 points or 0.7%. The stock has underperformed its sector by 1.78% today and has seen a trend reversal after three consecutive days of gains. Despite this recent downturn, Olectra has shown strong performance over the past month with a return of 21.24%, while the stock has outperformed the Sensex over the same period. However, the company faces challenges such as low management efficiency indicated by a Return on Equity (ROE) of 7.06% and a high Price to Book Value ratio of 11.5, suggesting it is trading at a premium compared to peers. Additionally, while the company has a low Debt to Equity ratio and healthy long-term growth in net sales and operating profit, the recent flat results and increased debt levels may contribute to investor concerns.
In the broader market context, Olectra's short-term return of +1.39% over the past week contrasts with the Sensex, which has remained nearly flat at -0.03%. This indicates that while the stock has shown some resilience in the short term, the recent price drop could be a reaction to profit-taking after a strong rally and concerns regarding management efficiency and valuation. The relatively low participation from domestic mutual funds, holding only 0.49% of the company, may also reflect a lack of confidence in the stock at its current price level, further influencing its recent price movement.