Why is RIR Power Electr falling/rising?

As of 24-Jul, RIR Power Electronics Ltd is currently priced at 1,439.40, reflecting a decrease of 25.65 points or 1.75%. The stock has recently experienced a trend reversal, falling after four consecutive days of gains. Today, it underperformed its sector by 0.28% and reached an intraday low of Rs 1430.2, which is a decline of 2.38%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 9.05% and 8.35%, respectively. The company has consistently reported positive results over the last five quarters, with net sales reaching Rs 26.46 crore and a profit before tax growth of 24.8%. However, the stock is considered expensive with a high price-to-book value ratio and a low return on equity, which may deter some investors.
In the broader market context, while RIR Power Electronics has outperformed the Sensex over the past year with a return of 64.32% compared to the index's 2.54%, it is currently facing a decline in institutional investor participation, which has decreased by 0.95% over the previous quarter. This reduction in institutional stakes, which typically indicates a lack of confidence from more sophisticated investors, could be contributing to the stock's recent price drop. Additionally, while the stock has shown impressive long-term returns, the current valuation concerns and falling institutional interest may be influencing its short-term performance negatively.