Why is Shilchar Tech falling/rising?

As of 04-Sep, Shilchar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 4,700.00, reflecting a decrease of Rs 100.95 or 2.1%. The stock has underperformed its sector by 0.98% today and has fallen after two consecutive days of gains, reaching an intraday low of Rs 4,560, which is a drop of 5.02%. Over the past week, the stock has shown a modest increase of 0.82%, but it has significantly underperformed over the past month with a decline of 12.80%. Despite the company's strong financial performance, including a 58.57% annual growth in net sales and a 97.65% increase in profit after tax over the last six months, the stock's high valuation and low domestic mutual fund interest may be contributing to its recent price drop.
In the broader market context, the Sensex has shown a slight increase of 0.80% over the past week, indicating that the overall market sentiment remains positive. However, Shilchar Technologies' year-to-date performance is down 7.30%, contrasting with the Sensex's gain of 3.30% in the same period. This underperformance, coupled with the stock's high price-to-book value and the lack of domestic mutual fund investment, suggests that investors may be cautious about the stock's valuation relative to its peers, leading to the recent decline in price.