Why is Shradha AI Tech falling/rising?

As of 16-Sep, Shradha AI Technologies Ltd is experiencing a decline in its stock price, currently at 41.40, reflecting a decrease of 0.75 or 1.78%. The stock has underperformed its sector today by 1.53% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.93%. Despite a positive long-term outlook with a significant growth in net sales and operating profit, the stock's recent performance has been affected by its current valuation metrics, including a high Price to Book Value ratio of 2.9, which suggests it may be considered expensive relative to its earnings growth. Additionally, while the stock has shown a strong annual return of 35.52%, it has also faced a year-to-date decline of 25.41%, indicating volatility and investor caution.
In the broader market context, the stock's short-term performance has been notably weaker compared to the benchmark, with a 1-week return of -1.87% against the Sensex's gain of 1.58%. This underperformance highlights the challenges the company faces in attracting investor confidence despite its strong long-term growth indicators. The rising investor participation, evidenced by a 42.7% increase in delivery volume, may suggest some interest in the stock, but the overall market sentiment remains cautious, particularly given the stock's recent price declines and its performance relative to the broader market trends.