Why is Rajoo Engineers falling/rising?

As of 18-Nov, Rajoo Engineers Ltd is experiencing a decline in its stock price, currently at Rs. 79.55, which reflects a decrease of Rs. 1.78 or 2.19%. The stock has hit a new 52-week low of Rs. 77.55 today and has been on a consecutive downward trend for the past seven days, resulting in a total drop of 8.58% during this period. Additionally, the stock has underperformed significantly compared to the benchmark Sensex, with a one-week return of -5.04% against the Sensex's +0.96%. Despite the company showing healthy long-term growth with a 96.82% annual increase in operating profit and positive results over the last ten quarters, the stock's performance has been poor, with a staggering -78.79% return over the past year.
Broader market context indicates that Rajoo Engineers has not only underperformed the market but also faced a decline in institutional investor participation, which has decreased by 3.92% in the last quarter. This lack of confidence from institutional investors, who typically have more resources to analyze company fundamentals, may contribute to the stock's negative sentiment. While the company has a low debt-to-equity ratio and has shown impressive growth in profits, its high valuation metrics, such as a Price to Book Value of 4.3, suggest that it may be considered expensive relative to its peers. Overall, the combination of declining stock performance, reduced institutional interest, and significant underperformance compared to the broader market has led to the current downward trend in Rajoo Engineers' stock price.