Why is SignatureGlobal falling/rising?

As of 01-Sep, SignatureGlobal India Ltd is currently priced at 1,074.40, reflecting a decrease of 15.8 points or 1.45%. The stock has been on a downward trend, having underperformed its sector by 2.47% today and experiencing a consecutive fall over the last four days, resulting in a total decline of 4.92% in that period. Although the stock opened with a gain of 2.27% and reached an intraday high of Rs 1,114.95, it ultimately fell to a low of Rs 1,066.70. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite the company showing strong long-term growth with significant increases in net sales and operating profit, it faces challenges due to its high valuation metrics, such as a Price to Book Value of 20.9, and a negative return of -28.52% over the past year.
In the broader market context, SignatureGlobal's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.92% compared to the Sensex's -1.56%. This underperformance is compounded by the stock's long-term struggles, as it has lagged behind the BSE500 over the past three years, one year, and three months. While the company has shown healthy growth in sales and profits, the market sentiment appears to be cautious, likely influenced by its expensive valuation and recent negative returns, which have overshadowed its positive financial results.