Why is Swaraj Engines falling/rising?

As of 17-Jul, Swaraj Engines Ltd is experiencing a decline in its stock price, currently at Rs 4,430.00, which reflects a decrease of Rs 161.0 or 3.51%. The stock has underperformed its sector by 3.63% today and has been on a downward trend for the last two days, accumulating a total loss of 3.55% during this period. Despite this recent decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 49.73% and a remarkable 206.43% rise over the past three years. The company has demonstrated high management efficiency, with a return on equity (ROE) of 36.97%, and has consistently reported positive results over the last five quarters, contributing to its overall strong performance.
In the broader market context, while Swaraj Engines has seen significant gains over the past year, the benchmark Sensex has only increased by 1.91% in the same timeframe, indicating that the stock has outperformed the market overall. However, the recent price drop may be attributed to its relatively high valuation, as indicated by a Price to Book Value of 12.8, which is considered expensive compared to its peers. Additionally, while the stock's profits have risen by 23.3% over the past year, the PEG ratio of 1.3 suggests that the stock may be overvalued, leading to some investor caution.