Why is Swaraj Engines falling/rising?

As of 24-Jul, Swaraj Engines Ltd is experiencing a decline in its stock price, currently at Rs 4,372.20, which reflects a decrease of Rs 75.0 or 1.69%. Today's price movement indicates that the stock opened with a gain of 2.25% but subsequently fell, marking a trend reversal after two consecutive days of gains. The stock touched an intraday high of Rs 4,547.15 before dropping to a low of Rs 4,350.15. Despite a strong performance over the past month with a 6.51% increase and a remarkable 47.78% rise year-to-date, the stock has underperformed its sector by 0.78% today. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 12.22% compared to the five-day average, which may have contributed to the price decline.
In the broader market context, while Swaraj Engines has outperformed the Sensex over various periods, including a 1-year return of 46.20% compared to the Sensex's 2.54%, the current short-term performance shows a contrast with the benchmark, which has only seen a slight decline of 0.09% over the past week. The stock's relatively high valuation, indicated by a Price to Book Value of 12.7, may also be causing some investor hesitation, particularly as profits have risen at a slower rate than stock price appreciation. Despite the company's strong management efficiency and consistent returns, the combination of a recent price drop, reduced trading volume, and high valuation could be influencing the current downward movement in the stock price.