Why is Rajoo Engineers falling/rising?

As of 31-Jul, Rajoo Engineers Ltd is currently priced at 110.60, reflecting a decrease of 0.6, or 0.54%. The stock has shown a trend reversal, falling after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 7.49% on July 30, the stock has underperformed significantly over the past year, with a return of -53.00% compared to the Sensex's -0.68%. While the company has reported strong financial growth, including a 168.91% increase in net profit and a healthy operating profit growth rate of 106.20%, its high valuation metrics, such as a Price to Book Value of 12.1 and a PEG ratio of 1.1, suggest that the stock may be considered expensive relative to its earnings growth.
In the broader market context, Rajoo Engineers has underperformed the market, which has seen a negative return of -3.20% over the past year. The stock's significant decline of -53.00% indicates a stark contrast to the market's performance, highlighting investor concerns despite the company's positive financial results. The stock's low debt-to-equity ratio and consistent profitability over the last nine quarters are positive indicators; however, the overall market sentiment and the stock's high valuation may be contributing to its current downward price movement.