Why is Sagility India falling/rising?

As of 24-Jul, Sagility India Ltd's stock price is currently at 44.38, reflecting a decrease of 0.5, or 1.11%. The stock has underperformed its sector today by 0.55%. Despite this, the stock has shown a positive trend over the past month with a return of 7.04%, although it has declined by 12.05% year-to-date. Today's trading volume indicates rising investor participation, with a delivery volume of 1.32 crore on 23 July, which is up by 33.41% compared to the five-day average. The company has demonstrated strong long-term fundamental strength, with a significant growth in operating profits at a compound annual growth rate (CAGR) of 48.84%. Positive results from the last two quarters, including a 74.1% growth in profit before tax and a 67.2% increase in profit after tax, further support the stock's potential despite its recent price decline.
In the broader market context, Sagility India's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 0.09% over the past week. While the stock has shown healthy long-term growth, the year-to-date performance indicates challenges, as the Sensex has gained 5.18% during the same period. The stock's attractive valuation, with a price-to-book value of 2.5 and a return on equity of 6.5, suggests that it may be undervalued relative to its growth potential. However, the recent price drop indicates that investor sentiment may be cautious, possibly due to broader market conditions or profit-taking after the stock's recent gains.