Why is Shilchar Tech falling/rising?

As of 10-Jul, Shilchar Technologies Ltd is experiencing a decline in its stock price, currently at 5,573.65, reflecting a decrease of 31.15 points or 0.56%. The stock has underperformed its sector by 0.68% today and has been on a downward trend for the last three days, accumulating a total loss of 1.89% during this period. Despite this recent decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 9.93% and an impressive 37.99% rise over the past year. The company has consistently reported positive results, with net sales growing at an annual rate of 54.29% and a net profit increase of 59.22%. However, the stock is trading at a premium valuation compared to its peers, which may be contributing to the recent price drop as investors reassess its worth.
In the broader market context, Shilchar Technologies has outperformed the benchmark Sensex over various periods, including a 3-year return of 2734.10% compared to the Sensex's 52.69%. However, in the short term, the stock's performance has diverged from the benchmark, as it has gained 3.44% over the past week while the Sensex has remained nearly flat with a change of -0.06%. This indicates that while the stock has shown resilience in the past, its recent underperformance may be a reflection of market sentiment and concerns regarding its high valuation, especially given that domestic mutual funds hold no stake in the company, suggesting a lack of confidence at current price levels.