Why is Servotech Renew falling/rising?

As of 19-Sep, Servotech Renewable Power System Ltd is experiencing a slight decline in its stock price, currently at 131.18, down by 0.23 or 0.18%. The stock has underperformed its sector today by 0.38%, and while it is higher than the 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.11%, and its year-to-date performance shows a significant decline of 21.28%. Despite a strong annual growth rate in net sales and operating profit, the stock's valuation appears expensive, with a return of -24.89% over the past year, indicating a disconnect between its financial performance and market perception. Additionally, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current valuation.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.85% over the past week and 1.39% over the past month. The stock's year-to-date decline of 21.28% is notably worse than the benchmark's positive return of 7.11%. This underperformance may reflect investor sentiment and market conditions, as the stock has not only lagged behind the market but also generated negative returns compared to the broader BSE500 index, which fell by 1.96% over the last year. The combination of high valuation concerns, lack of mutual fund investment, and significant underperformance relative to the market may contribute to the stock's current downward movement.