Why is Rajoo Engineers falling/rising?

As of 12-Aug, Rajoo Engineers Ltd is currently priced at 101.10, reflecting a decline of 0.45, or 0.44%. The stock has been experiencing a downward trend, having fallen consecutively for the last five days, resulting in a total return of -5.95% over the past week. Additionally, it is trading below all its moving averages, indicating a bearish sentiment. Despite the company reporting strong financial results, including a significant growth in net profit and operating profit, the stock has underperformed the market with a staggering -64.25% return over the past year, while profits increased by 98.5%. The high valuation metrics, such as a Price to Book Value of 11.1, further contribute to the stock's recent struggles.
In the broader market context, the Sensex has only declined by 0.59% over the past week, suggesting that Rajoo Engineers' performance is significantly worse than the benchmark. The plastic products sector, in which Rajoo operates, has also seen a decline of 2.43%, reflecting sector-wide challenges. Furthermore, a notable drop in investor participation, with delivery volume decreasing by 21.75% against the five-day average, indicates waning interest in the stock. Overall, while the company has demonstrated strong long-term growth potential, the current market conditions and investor sentiment are contributing to its recent price decline.