Why is Shilchar Tech falling/rising?

As of 25-Aug, Shilchar Technologies Ltd is experiencing a decline in its stock price, currently at 4,806.15, which represents a decrease of 35.85 or 0.74%. The stock has underperformed its sector by 0.7% today and is trading below its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains above the 200-day moving average. Over the past week, the stock has fallen by 2.67%, and year-to-date, it has decreased by 5.21%. Despite a strong performance over the last year with a return of 16.23%, the stock's valuation appears high with a Price to Book Value of 15.8, which may be contributing to investor hesitation. Additionally, while the company has shown healthy growth in net sales and operating profit, the low domestic mutual fund ownership suggests a lack of confidence among institutional investors.
In the broader market context, the Sensex has increased by 0.45% over the past week, indicating that the overall market is performing positively while Shilchar Technologies Ltd is not keeping pace. This underperformance relative to the benchmark may be influencing investor sentiment negatively. The stock's high valuation compared to peers, combined with the lack of significant domestic mutual fund investment, could signal that investors are cautious about its future growth potential despite its strong historical performance.