Why is Servotech Renew falling/rising?

As of 26-Jun, Servotech Renewable Power System Ltd's stock price is currently at 147.56, reflecting a decrease of 2.3, or 1.53%. Today's price summary indicates that the stock has underperformed its sector by 3.03%, although it remains above its 5-day, 20-day, 50-day, and 100-day moving averages, while falling below the 200-day moving average. The stock has shown strong performance over the past week and month, with returns of 9.75% and 21.22%, respectively. Despite a year-to-date decline of 11.46%, the company has demonstrated robust growth in net sales and operating profit, with a net profit increase of 123.77%. However, the stock's high valuation, indicated by a ROCE of 18.5 and a PEG ratio of 0.7, may be contributing to investor caution, particularly as domestic mutual funds hold no stake in the company.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has risen by 3.05% over the past week and 2.19% over the past month. While Servotech has outperformed the benchmark in the long term, generating a 68.58% return over the past year compared to the Sensex's 8.05%, its recent decline suggests a potential reassessment of its valuation amidst rising investor participation and liquidity. The lack of domestic mutual fund investment may indicate a broader market skepticism regarding the stock's current price level, despite its strong financial performance in recent quarters.