Why is SignatureGlobal falling/rising?

As of 19-Sep, SignatureGlobal India Ltd's stock price is currently at Rs 1,113.80, reflecting a decrease of Rs 31.2 or 2.72%. Today's price summary indicates that the stock has underperformed its sector by 3.02%, with an intraday low of Rs 1,095, marking a decline of 4.37%. The stock's performance over the past week shows a slight increase of 0.18%, but it has significantly underperformed over the past year with a return of -24.89%. Despite the company reporting strong growth in net sales and operating profit, with a notable increase in profits over the last six quarters, the stock's high valuation metrics, such as a Price to Book Value of 21.5, suggest it may be considered expensive relative to its earnings growth. Additionally, the falling investor participation, with a 14.59% drop in delivery volume, further indicates a lack of confidence among investors.
In the broader market context, the stock's short-term return of 0.18% over the past week is notably lower than the benchmark Sensex, which has increased by 0.88% in the same period. The stock has consistently underperformed against the benchmark over the last three years, contributing to its negative sentiment among investors. While the company has demonstrated strong operational growth, the significant decline in stock price and the negative returns over the past year highlight a disconnect between its financial performance and market perception, leading to a bearish outlook.