Why is Responsive Ind falling/rising?

As of 18-Jul, Responsive Industries Ltd is experiencing a decline in its stock price, currently at 240.80, which represents a decrease of 0.45 or 0.19%. The stock has shown a trend reversal, falling after two consecutive days of gains. In terms of performance, it has outperformed its sector by 0.31% today, but the delivery volume has decreased significantly by 39.26% against the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 0.45%, while it has seen a notable increase of 17.15% over the past month. Despite a healthy long-term growth rate in operating profit of 63.05% and strong institutional holdings at 35.13%, the stock's valuation appears expensive with a ROCE of 14.3 and a PEG ratio of 1.4, which may be contributing to the current price movement.
Broader market context shows that while the stock has underperformed the market over the past year, with a return of -13.63% compared to the Sensex's gain of 0.51%, it has outperformed the benchmark in the short term, with a 1-week return of -0.45% versus the Sensex's -0.90%. This suggests that despite the recent decline, the stock has shown resilience relative to broader market trends. The overall market has generated negative returns, but the significant drop in Responsive Industries' stock price indicates that investor sentiment may be cautious, particularly given its recent performance and valuation concerns.