Why is Prudent Corp falling/rising?

As of 31-Jul, Prudent Corporate Advisory Services Ltd is experiencing a decline in its stock price, currently at Rs 2,935.00, which reflects a decrease of Rs 98.75 or 3.26%. Today's price summary indicates that the stock underperformed its sector by 2.72% and opened with a loss of 2.42%. After three consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 2,879.6, which is a drop of 5.08%. Despite a strong long-term performance with a 27.69% return over the past year and consistent positive results over the last 12 quarters, the stock's current movement is influenced by a recent fall in investor participation, with delivery volume decreasing by 17.47% against the 5-day average.
In the broader market context, Prudent Corp's short-term performance has been slightly better than the benchmark Sensex, which has declined by 1.22% over the past week while Prudent Corp fell by only 1.03%. However, the stock's recent decline may be attributed to its high valuation metrics, including a Price to Book Value of 18.2, which is considered expensive compared to its peers. Although the company has demonstrated strong fundamentals and growth potential, the current market sentiment appears cautious, leading to the stock's downward movement despite its historical outperformance and solid institutional backing.