Why is Shilchar Tech falling/rising?

As of 28-Aug, Shilchar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 4,661.85, which reflects a decrease of Rs 111.15 or 2.33%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 3.72%. Today's trading saw the stock reach a high of Rs 4,875, but it also touched a low of Rs 4,643, indicating significant volatility. Over the past week, the stock has decreased by 2.69%, and it has also underperformed the sector by 1.46%. Despite a strong long-term growth trajectory, with net sales and operating profit showing substantial annual growth rates, the stock's current valuation appears expensive, which may contribute to the recent price decline.
In the broader market context, Shilchar Technologies Ltd's short-term performance has been weaker than the benchmark, with the Sensex declining by 2.34% over the same one-week period. While the company has shown impressive returns over the past three years, outperforming the BSE500, the lack of domestic mutual fund investment may indicate a lack of confidence at current price levels. The company's high Price to Book Value ratio and a relatively low debt-to-equity ratio suggest that while it has been financially stable, the market may be cautious about its valuation compared to peers. This combination of factors likely contributes to the stock's recent downward trend.