Why is Shilchar Tech falling/rising?

As of 24-Sep, Shilchar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 4,729.80, which reflects a decrease of Rs 184.55 or 3.76%. The stock has underperformed its sector by 2.79% today and has fallen after three consecutive days of gains. It opened with a loss of 2.33% and reached an intraday low of Rs 4,685, marking a drop of 4.67%. Despite a strong long-term performance with a 25.73% return over the past year and impressive growth in net sales and profit, the stock's current valuation appears expensive, with a Price to Book Value of 15.6, which may deter investors. Additionally, the lack of domestic mutual fund investment could indicate a lack of confidence in the stock's current price.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.91%, while the Sensex has only decreased by 1.18%. This underperformance relative to the benchmark suggests that investor sentiment may be more cautious regarding Shilchar Technologies Ltd compared to the overall market. The company's strong financials, including a low debt-to-equity ratio and consistent returns over the last three years, contrast with its current market challenges, indicating that while the fundamentals are solid, the stock's high valuation and lack of institutional support may be contributing to its recent price decline.