Why is Suraksha Diagno. falling/rising?

As of 23-Jul, Suraksha Diagnostic Ltd's stock price is currently at Rs 306.70, reflecting a decrease of Rs 6.3 or 2.01%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.92% over the past week. Today's trading saw the stock touch an intraday low of Rs 306, with a weighted average price indicating that more volume was traded closer to this low. Additionally, the stock's delivery volume has decreased significantly, falling by 34.54% compared to the five-day average, suggesting a decline in investor participation. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, the recent flat results and a high price-to-book value indicate that the stock may be overvalued, contributing to its downward movement.
In the broader market context, Suraksha Diagnostic Ltd's performance has been notably weaker compared to the benchmark Sensex, which has gained 0.11% over the past week while the stock has dropped by 5.92%. Year-to-date, the stock has declined by 18.34%, contrasting sharply with the Sensex's increase of 5.87%. This underperformance highlights the challenges faced by the company, particularly in light of its recent flat quarterly results and the perception of an expensive valuation despite some positive long-term growth indicators.