Why is Rajoo Engineers falling/rising?

As of 08-Jul, Rajoo Engineers Ltd is experiencing a price increase, currently at 109.85, which reflects a rise of 2.8 or 2.62%. Today's performance indicates that the stock has outperformed its sector by 3.38% and has gained after two consecutive days of decline, reaching an intraday high of Rs 110.4. However, the stock has shown a significant decline over the past month, down 13.94%, and a year-to-date drop of 53.33%. Despite this, the company has demonstrated strong long-term growth, with operating profit increasing at an annual rate of 64.46% and net profit rising by 121.28%. The company has also declared positive results for the last eight consecutive quarters, contributing to a favorable outlook despite its recent price volatility.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, with a weekly return of +0.18% compared to the Sensex's +0.02%. However, over the past year, Rajoo Engineers has underperformed significantly, with a return of -29.40% against the market's average return of +4.69%. The stock's valuation appears expensive with a price-to-book value of 11, and while it is trading at a discount compared to its peers, the negative sentiment surrounding its recent performance may be weighing on investor confidence. The decline in delivery volume by 71.43% against the five-day average indicates falling investor participation, which could further impact the stock's price movement in the near term.