Why is Rajasthan Gases falling/rising?

As of 26-Aug, Rajasthan Gases Ltd is experiencing a decline in its stock price, currently at Rs 37.05, reflecting a decrease of Rs 1.1 or 2.88%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 9.63% during this period. Although the stock opened with a gain of 11.14% today and reached an intraday high of Rs 42.4, it ultimately traded lower, with a day's low of Rs 37. The stock is also trading below its moving averages across multiple time frames, indicating weakness. Despite reporting outstanding growth in net profit and positive results over the last three quarters, the stock's valuation appears expensive with a high Price to Book Value of 7.9, and it has generated negative returns over the past year.
In the broader market context, Rajasthan Gases Ltd has underperformed compared to the benchmark Sensex, which has seen a slight decline of 1.05% over the past week, while the stock itself has dropped by 6.46%. The stock's performance over the last month is similarly poor, with a decline of 7.65% compared to a 0.83% drop in the benchmark. This underperformance is compounded by the fact that the stock has generated a return of -11.83% over the past year, while the Sensex has only declined by 1.12%. The combination of high volatility, poor short-term performance, and expensive valuation metrics contributes to the stock's current downward trajectory.