Why is Page Industries falling/rising?

As of 14-Aug, Page Industries Ltd is currently priced at Rs 43,600.00, reflecting a decrease of Rs 49.7 or 0.11%. The stock has been on a downward trend, having fallen for the last three days with a cumulative decline of 2.92%. Over the past week, the stock has underperformed, showing a loss of 4.65%, while its performance over the last month has been even more significant at a decline of 10.52%. Despite this, the stock has outperformed its sector by 0.32% today. The company boasts strong long-term fundamentals, including a high return on equity (ROE) of 43.38% and a low debt-to-equity ratio of 0.06. However, it is facing challenges due to its high valuation, with a price-to-book value of 34.6, which is considered expensive compared to its peers.
In the broader market context, Page Industries' recent performance contrasts sharply with the benchmark Sensex, which has only seen a minor decline of 0.03% over the past week. Year-to-date, while the stock has dropped by 8.16%, the Sensex has gained 3.15%. This divergence indicates that investor sentiment may be more favorable towards the broader market compared to Page Industries. Additionally, the stock's liquidity remains robust, with a significant increase in delivery volume, suggesting that while the stock is currently under pressure, there is still active interest from investors.