Why is Rajoo Engineers falling/rising?

As of 24-Sep, Rajoo Engineers Ltd is experiencing a decline in its stock price, currently at Rs. 90.70, which represents a decrease of Rs. 2.4 or 2.58%. The stock has recently hit a new 52-week low and has underperformed its sector by 2.51%. Over the past week, it has fallen by 7.54%, and in the last month, it has seen a significant drop of 14.43%. The stock has been on a consecutive downward trend for the last three days, accumulating a total decline of 5.18%. Despite a healthy long-term growth outlook, with operating profit and net profit showing substantial increases, the stock's valuation appears expensive, leading to negative sentiment among investors.
In the broader market context, Rajoo Engineers has underperformed significantly compared to the benchmark Sensex, which has only declined by 1.18% over the past week. The stock's year-to-date performance is particularly concerning, with a staggering drop of 61.47%, while the Sensex has gained 4.58% during the same period. This stark contrast highlights the challenges faced by Rajoo Engineers, as it has generated a return of -75.63% over the past year, far exceeding the market's negative returns of -5.32%. The combination of poor short-term performance, high valuation concerns, and a significant underperformance relative to the market has contributed to the stock's current downward trajectory.