Why is Poly Medicure falling/rising?

As of 07-Jul, Poly Medicure Ltd's stock price is currently at 2,210.00, reflecting a decline of 33.0 points or 1.47%. Today's performance indicates that the stock has underperformed its sector by 0.38%. The stock is higher than its 20-day moving average but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 73.12% compared to the 5-day average. Over the past week, the stock has decreased by 0.78%, while it has seen a more substantial decline of 15.00% year-to-date, despite a positive annual return of 6.37%. The company has consistently reported strong financial results over the last 11 quarters, with record net sales and high institutional holdings, which typically indicate confidence among knowledgeable investors. However, the stock is perceived as expensive with a high Price to Book Value ratio, which may be contributing to the recent price decline.
In the broader market context, Poly Medicure's short-term performance has lagged behind the benchmark Sensex, which has only decreased by 0.20% over the past week. While the stock has outperformed the benchmark over the last year and three years, the recent underperformance in the short term, coupled with high valuation concerns, may be causing investors to reassess their positions. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests a potential lack of interest from retail investors, which could further pressure the stock price in the near term.