Why is SignatureGlobal falling/rising?

As of 12-Aug, SignatureGlobal India Ltd is experiencing a decline in its stock price, currently at 1,107.00, reflecting a decrease of 2.2 points or 0.2%. The stock has been on a downward trend, having fallen for the last six consecutive days, resulting in a total drop of 4.39% during this period. In terms of performance against benchmarks, the stock has underperformed significantly, with a 1-week return of -3.14% compared to the Sensex's -0.59%, and a year-to-date decline of 18.25% while the Sensex has gained 2.68%. Despite the company's strong financial performance, including a 58.64% annual growth in net sales and a 61.03% increase in operating profit, the stock's valuation appears high with a Price to Book Value of 21.4, contributing to its recent price decline.
Broader Market Context: The broader market context shows that SignatureGlobal has consistently underperformed against the benchmark indices over the past three years, with a one-year return of -23.81% compared to the Sensex's modest gain of 0.74%. This consistent underperformance, coupled with a significant drop in investor participation—evidenced by a 67.26% decrease in delivery volume—suggests a lack of confidence among investors. Although the company has reported positive financial results for six consecutive quarters, the high valuation metrics and recent price movements indicate that market sentiment remains cautious, leading to the stock's current downward trajectory.