Why is Poly Medicure falling/rising?

As of 11-Jul, Poly Medicure Ltd's stock price is currently at 2,214.00, reflecting a decrease of 6.8 or 0.31%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days with a total decline of 0.63% during this period. In terms of performance against benchmarks, the stock has underperformed over the past week and month, with returns of -1.29% and -2.23%, respectively, while the Sensex has seen a smaller decline of -1.12% and a negligible change of -0.02% over the same periods. Despite the company's strong financial performance, including positive results for the last 11 consecutive quarters and a low debt-to-equity ratio, the stock's valuation appears 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 recent performance contrasts with the overall market, as it has significantly underperformed the Sensex year-to-date, with a decline of 14.84% compared to the index's gain of 5.58%. The stock's liquidity has also decreased, as indicated by a 60.36% drop in delivery volume against the 5-day average, suggesting reduced investor participation. While the company maintains high institutional holdings and has shown consistent returns over the past three years, the combination of high valuation metrics and recent selling pressure may be influencing investor sentiment negatively, leading to the stock's current decline.