Why is Poly Medicure falling/rising?

As of 08-Jul, Poly Medicure Ltd's stock price is currently at 2,206.00, reflecting a decrease of 4.0, or 0.18%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, resulting in a total decline of 1.65% during this period. Additionally, the stock's performance over the past week shows a decline of 3.20%, while it has underperformed the benchmark Sensex over the last month and year-to-date, with returns of -1.02% and -15.15%, respectively. Despite these recent declines, the company has demonstrated strong fundamentals, including positive results for the last 11 consecutive quarters and a low debt-to-equity ratio, which may provide some support for the stock.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Poly Medicure's negative performance. The stock's liquidity appears to be adequate, although there has been a significant drop in delivery volume, indicating reduced investor participation. While the company has a high institutional holding of 23.42%, suggesting confidence from knowledgeable investors, the stock is perceived as expensive with a high price-to-book value and a PEG ratio of 2.7. This valuation concern, combined with the recent performance trends, may be contributing to the stock's current decline.