Why is Swaraj Engines falling/rising?

As of 10-Sep, Swaraj Engines Ltd is experiencing a decline in its stock price, currently at Rs 4,350.00, which reflects a decrease of Rs 81.6 or 1.84%. Today's price summary indicates that the stock has underperformed its sector by 2.22% and has fallen after four consecutive days of gains. The stock touched an intraday low of Rs 4,337.7, marking a decline of 2.12%. Despite this drop, Swaraj Engines has shown strong performance over the past week, with a return of 7.79%, and has outperformed the Sensex over various periods, including a year-to-date increase of 47.03%. The company benefits from high management efficiency, a low debt-to-equity ratio, and consistent positive results over the last five quarters, which contribute to its long-term growth prospects.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only increased by 1.06% over the past week. While Swaraj Engines has demonstrated significant returns over the last three years, the current decline may be attributed to its expensive valuation, with a Price to Book Value of 12.6, which is higher than its peers. Additionally, although the stock has generated a return of 31.04% over the past year, its profit growth of 23.3% suggests that the stock may be trading at a premium, leading to some investor caution. This combination of strong historical performance and current valuation concerns may be influencing the stock's recent price movement.