Why is Rajoo Engineers falling/rising?

As of 02-Jul, Rajoo Engineers Ltd is currently priced at 107.85, reflecting a decrease of 1.8, or 1.64%. Today's price summary indicates that the stock opened with a gain of 3.06% but subsequently fell to a day's low of Rs 105.1, resulting in an overall underperformance against its sector by 0.97%. Over the past week, the stock has declined by 7.23%, and it has significantly underperformed the benchmark Sensex, which has gained 0.79% in the same period. Despite the company reporting positive results over the last eight consecutive quarters, including a substantial growth in net profit and operating profit, the stock's valuation appears expensive with a high Price to Book Value ratio, contributing to its recent price decline.
Broader market context shows that while the stock has experienced a notable return of 567.80% over the past three years, it has underperformed in the short term, with a year-to-date decline of 54.18% compared to a 6.75% increase in the benchmark. The stock's recent performance is further impacted by falling investor participation, as evidenced by a decrease in delivery volume. The overall market sentiment has favored the benchmark, which has generated positive returns, contrasting sharply with Rajoo Engineers' negative performance over the past year, highlighting the challenges the company faces in regaining investor confidence.