Why is Rajoo Engineers falling/rising?

As of 16-Jul, Rajoo Engineers Ltd is experiencing a decline in its stock price, currently at Rs 136.50, which reflects a decrease of Rs 7.05 or 4.91%. Today's price summary indicates that the stock has underperformed its sector by 4.9%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 136.4, and the weighted average price suggests that more volume was traded closer to this low. Despite a significant increase in delivery volume, which rose by 111.61% against the 5-day average, the stock's performance over the past year has been disappointing, with a return of -26.10%, even as the company has shown strong growth in operating profit and net profit.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as it has gained 14.27% over the past month while the Sensex has only increased by 1.02%. However, the stock's year-to-date performance is concerning, with a decline of 42.01% compared to the Sensex's gain of 5.75%. The company has a low debt-to-equity ratio and has reported positive results for nine consecutive quarters, indicating strong fundamentals. Nevertheless, the stock is considered expensive with a high price-to-book value and has underperformed the market significantly over the last year, which may contribute to the current downward pressure on its price.