Why is Rajoo Engineers falling/rising?

As of 05-Sep, Rajoo Engineers Ltd is currently priced at 99.50, reflecting a decrease of 0.2, or 0.2%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 1.73%. 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 2.58% against the 5-day average, the stock has significantly underperformed the sector by 0.37%. Over the past year, Rajoo Engineers has experienced a staggering decline of 66.73%, despite reporting a growth in profits of 98.5%, which highlights a disconnect between its financial performance and stock price movement. The company has a low debt-to-equity ratio and has shown healthy long-term growth, but its high valuation metrics, such as a Price to Book Value of 10.9, suggest that it may be considered expensive relative to its peers.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex gaining 1.13% over the past week while Rajoo Engineers has declined by 1.78%. This trend continues over a one-month period where the stock has dropped 7.44% while the benchmark remained flat. The significant underperformance of Rajoo Engineers compared to the market, alongside its high valuation and recent price declines, indicates that investor sentiment is currently negative, leading to a lack of confidence in the stock despite its strong operational results.