Why is PTC Industries falling/rising?

As of 01-Jul, PTC Industries Ltd's stock price is currently at Rs 14,926.95, reflecting a decrease of Rs 650.3, or 4.17%. Today's performance indicates that the stock has underperformed its sector by 2.03%, following a trend reversal after six consecutive days of gains. The stock touched an intraday low of Rs 14,819.1, which is a decline of 4.87%. Despite this drop, PTC Industries has shown strong performance over the longer term, with a year-to-date increase of 11.03% and a remarkable 314.49% rise over the past three years. The company has reported very positive results in recent quarters, including an 82.19% growth in net sales, and has a low debt-equity ratio, which are factors that generally support stock price stability. However, the stock's high valuation, indicated by a Price to Book Value of 16.1 and a low return on equity of 4.5, may be contributing to the recent decline.
In the broader market context, the Sensex has risen by 2.00% over the past week, while PTC Industries has only increased by 1.26%, indicating a relative underperformance. The sector, specifically Transmission Towers, has also seen a decline of 2.09%, which may be affecting investor sentiment towards PTC Industries. Additionally, while institutional investor participation has increased, suggesting confidence in the company, the stock's recent price movement may reflect broader market trends and investor caution amid high valuations. Overall, the combination of strong historical performance and recent financial results contrasts with current price pressures, leading to the observed decline in stock value.