Why is Responsive Ind falling/rising?

As of 28-Jul, Responsive Industries Ltd is currently priced at 222.05, reflecting a decrease of 3.8 points or 1.68%. The stock has been on a downward trend, having lost 8.43% over the past four days, although it opened today with a gain of 2.15% and reached an intraday high of Rs 230.7. Despite this brief uptick, the stock has underperformed significantly over the past year, with a return of -23.43%, while the market benchmark, the Sensex, has only declined by 0.54%. The company does exhibit strong fundamentals, such as a low Debt to EBITDA ratio of 1.18 times and impressive operating profit growth of 63.05% annually, which may support its long-term viability. However, the stock's high valuation metrics and recent underperformance relative to the market raise concerns among investors.
Broader Market Context: In the short term, Responsive Industries Ltd has seen a decline of 8.07% over the past week, compared to a smaller drop of 1.59% in the Sensex, indicating a notable underperformance against the broader market. This trend is compounded by the stock's negative returns year-to-date, down 10.72%, while the Sensex has gained 3.52% in the same period. The high institutional holdings at 34.75% suggest that knowledgeable investors are closely monitoring the company's fundamentals, but the stock's expensive valuation and significant historical underperformance may deter further investment. Overall, the combination of recent price declines, high valuation concerns, and relative underperformance against the benchmark contributes to the stock's current downward trajectory.