Why is Shivalik Bimetal falling/rising?

As of 28-Jul, Shivalik Bimetal Controls Ltd is experiencing a decline in its stock price, currently at Rs 524.00, which represents a decrease of Rs 28.6 or 5.18%. The stock has underperformed its sector by 4.08% today and has been on a downward trend, losing 8.27% over the last two days. In terms of returns, the stock has fallen by 7.95% over the past week and 6.08% over the past month, while it has a significant year-to-date decline of 8.64%. Although the company shows high management efficiency with a return on equity (ROE) of 24.10% and healthy long-term growth in operating profit, it faces challenges such as a very expensive valuation with a price-to-book ratio of 7.4 and a substantial year-over-year profit decline of 8.6%.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-year return of -21.20% compared to the BSE500's -2.52%. This underperformance highlights the stock's struggles relative to the market, particularly given its flat results in March 2025 and a high institutional holding of 24.7%, which suggests that these investors are not optimistic about the stock's future. The recent drop in delivery volume by 33.83% against the five-day average indicates falling investor participation, further contributing to the stock's decline. Overall, while there are some positive factors, the combination of poor recent performance and high valuation concerns is driving the stock lower.