Why is Stylam Industrie falling/rising?

As of 29-Jul, Stylam Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,777.50, which reflects a decrease of Rs 77.8 or 4.19%. The stock has underperformed its sector by 5.15% today and has been on a downward trend for the last two days, with a total drop of 6.21% during this period. Despite a positive performance over the past week and month, with returns of 2.62% and 7.73% respectively, the stock has faced challenges, including a significant year-to-date decline of 20.16%. Additionally, the stock's delivery volume has decreased by 8.61% against the five-day average, indicating falling investor participation. While the company maintains a high management efficiency with a return on equity (ROE) of 21.30% and a low debt-to-equity ratio, it is trading at a relatively expensive valuation with a price-to-book value of 4.8, which may be contributing to investor caution.
In the broader market context, the Sensex has shown a slight decline of 1.03% over the past week, while Stylam Industries has outperformed the benchmark during this period. However, the stock's year-to-date performance contrasts sharply with the Sensex, which has gained 4.09%. This divergence suggests that while the overall market may be stabilizing or improving, Stylam Industries is struggling to maintain investor confidence, as evidenced by its recent price movements and declining participation. The combination of a high valuation relative to peers and a recent drop in profits of 5.9% over the past year may further exacerbate the stock's challenges in attracting buyers.