Why is Servotech Renew falling/rising?

As of 22-Sep, Servotech Renewable Power System Ltd is experiencing a slight decline in its stock price, currently at 131.06, down by 0.12 (-0.09%). The stock has underperformed in the short term, with a 1-week return of -1.99%, while the Sensex has gained 0.53%. Today's price summary indicates that the stock has outperformed its sector by 0.53%, but it is trading lower than several moving averages, including the 5-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 33.75% against the 5-day average. Despite strong financial metrics such as a low Debt to EBITDA ratio and significant growth in net sales and operating profit, the stock's valuation appears expensive relative to its peers, which may be contributing to the recent price decline.
Broader market context shows that Servotech has significantly underperformed the market over the past year, with a return of -28.34% compared to the BSE500's -3.80%. This stark contrast suggests that investor sentiment may be cautious, particularly given that domestic mutual funds hold no stake in the company, indicating a lack of confidence in its current valuation. While the company has shown strong financial performance in recent quarters, the high valuation metrics and underperformance relative to the broader market may be causing investors to reassess their positions, leading to the current downward price movement.