Why is Servotech Renew falling/rising?

As of 18-Sep, Servotech Renewable Power System Ltd is experiencing a decline in its stock price, currently at 131.41, which reflects a decrease of 2.3 or 1.72%. The stock has underperformed its sector today by 2.11%, and its delivery volume has significantly dropped by 48.23% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 2.90%, while it has shown a modest increase of 6.92% over the past month. However, its year-to-date performance is notably poor, with a decline of 21.15%. Despite strong fundamentals, such as a low Debt to EBITDA ratio and impressive growth in net sales and operating profit, the stock's valuation appears expensive relative to its peers, contributing to its recent price movement.
In the broader market context, the stock's performance over the past year has been significantly worse than the benchmark, with a return of -26.03% compared to the BSE500's -1.96%. This underperformance may reflect a lack of confidence from domestic mutual funds, which hold no stake in the company, suggesting they may not be comfortable with the current price or business outlook. While the company has shown strong growth in profits and sales, the high valuation metrics and the stock's substantial decline relative to the market could be contributing factors to its current price drop.