Why is Shilchar Tech falling/rising?

As of 29-Sep, Shilchar Technologies Ltd is experiencing a decline in its stock price, currently at Rs 4,395.00, which reflects a decrease of Rs 119.95 or 2.66%. The stock has been underperforming recently, having fallen consecutively for the last four days, resulting in a total decline of 10.57% during this period. Today's trading saw the stock reach a high of Rs 4,740, but it also hit a low of Rs 4,350, indicating significant volatility. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a healthy long-term growth trajectory, with net sales and operating profit showing substantial increases, the stock's high valuation relative to its peers and the lack of domestic mutual fund investment may be contributing to the recent price drop.
In the broader market context, Shilchar Technologies has underperformed the benchmark Sensex, which has declined by 2.18% over the past week compared to the stock's 10.43% drop. This stark contrast highlights the stock's significant weakness in the short term. While the company has shown strong returns over the past year, outperforming the BSE500, the current market sentiment appears cautious, possibly due to its expensive valuation and the absence of domestic mutual fund interest. The stock's recent performance, combined with its high price-to-book ratio and the perception of overvaluation, suggests that investors may be reassessing their positions, leading to the observed decline.