Why is Shivalik Bimetal falling/rising?

As of 14-Nov, Shivalik Bimetal Controls Ltd is experiencing a decline in its stock price, currently at Rs 474.45, which reflects a decrease of Rs 13.15 or 2.7%. The stock has underperformed its sector today by 1.95% and has been on a downward trend for the last two days, accumulating a total drop of 4.2%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Over the past week, the stock has fallen by 4.81%, and its year-to-date performance shows a significant decline of 17.28%. While the company boasts a high return on equity (ROE) of 24.10% and a low debt-to-equity ratio of 0.10, these positive factors are overshadowed by its high valuation metrics, including a price-to-book ratio of 6.7, which is considered expensive compared to peers.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.62% over the past week. This underperformance is further highlighted by the stock's negative returns over the past year, which stand at -20.39%, while the benchmark has increased by 9.00%. The decline in investor participation, evidenced by a 42.45% drop in delivery volume compared to the 5-day average, suggests waning interest among traders. Despite the company's healthy long-term growth and strong institutional holdings at 23.22%, the overall market sentiment and the stock's expensive valuation relative to its earnings potential contribute to its current downward trajectory.