Why is Poonawalla Fin falling/rising?

As of 24-Oct, Poonawalla Fincorp Ltd's stock price is currently at 484.20, reflecting a decrease of 4.35, or 0.89%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.96%. Despite this recent downturn, the company reported very positive results in September, with a net profit growth of 18.53% and record high net sales and profits before depreciation, interest, and taxes. However, the stock's valuation appears expensive, with a return on equity of 0.2 and a price-to-book value of 0.4, which may be contributing to investor caution. Additionally, while promoters have increased their stake, indicating confidence in the company, the stock's profits have decreased by 47.8% over the past year.
In the broader market context, Poonawalla Fincorp's short-term performance has been notably weaker compared to the benchmark, as it has declined by 7.98% over the past week while the Sensex has gained 0.31%. This underperformance is further highlighted by the stock's recent price movements, which have lagged behind the market's overall positive trend. Despite the company's strong long-term returns, including a 53.91% increase year-to-date, the recent negative sentiment and high valuation concerns may be influencing investor behavior and contributing to the stock's current decline.