Why is Rajoo Engineers falling/rising?

As of 09-Sep, Rajoo Engineers Ltd is currently priced at 95.55, reflecting a decrease of 0.8, or 0.83%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.63% over that period. It is also trading close to its 52-week low, just 2.62% above the low of Rs 93.05. Despite a healthy long-term growth trajectory, with operating profit and net profit showing significant annual increases, the stock's valuation appears high relative to its earnings, as indicated by a Price to Book Value of 10.5. Additionally, while the company has shown positive results for the last nine consecutive quarters, the stock has underperformed the market significantly over the past year, with a return of -71.02% compared to a -0.56% return for the Sensex.
In the broader market context, Rajoo Engineers' recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.18% over the past week and 1.56% over the past month. This stark difference highlights the stock's struggles, particularly given its substantial decline year-to-date of 59.41%. The rising investor participation, indicated by a 77.42% increase in delivery volume, suggests some interest in the stock, but it remains liquid enough for trading, which may not be sufficient to counteract the negative sentiment surrounding its valuation and recent performance. Overall, the combination of high valuation concerns and significant underperformance relative to the market has contributed to the stock's downward movement.