Why is Shakti Pumps falling/rising?

As of 22-Aug, Shakti Pumps (India) Ltd is experiencing a decline in its stock price, currently at 847.10, which reflects a decrease of 5.75 or 0.67%. The stock has been on a downward trend, losing value for the last three consecutive days, resulting in a total decline of 3.37% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the company showing strong fundamentals, such as a high return on equity (ROE) of 19.67%, low debt-to-equity ratio, and consistent positive results over the last seven quarters, the stock's valuation appears expensive with a price-to-book ratio of 9, which may be contributing to the recent price drop.
In the broader market context, Shakti Pumps has underperformed compared to the benchmark Sensex, which has gained 0.88% over the past week while the stock has declined by 2.11%. This underperformance is further highlighted by the stock's year-to-date decline of 20.39% against the Sensex's increase of 4.05%. The falling investor participation, with a significant drop in delivery volume by 27.02% compared to the 5-day average, suggests a lack of confidence among investors, further exacerbating the stock's decline. Overall, while the company has demonstrated strong long-term growth and efficiency, the current market sentiment and valuation concerns appear to be driving the stock lower.