Why is Shilchar Tech falling/rising?

As of 15-Sep, Shilchar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 4,390.30, which reflects a decrease of Rs 126.05 or 2.79%. The stock has underperformed its sector by 3.45% today and has been on a downward trend for the last two days, accumulating a total decline of 5.06%. Additionally, the stock 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 financial performance with a 58.57% annual growth rate in net sales and a 97.65% increase in profit after tax over the last six months, the stock's valuation appears expensive with a Price to Book Value of 14.5, which may deter investors.
In the broader market context, Shilchar Technologies has seen a significant decline of 9.93% over the past month, while the benchmark Sensex has increased by 1.47% during the same period. This stark contrast highlights the stock's underperformance relative to the market. Furthermore, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence among institutional investors, potentially influencing retail investor sentiment negatively. Despite the company's positive long-term growth trajectory and consistent returns over the past three years, these factors combined contribute to the stock's current downward movement.