Why is Syrma SGS Tech. falling/rising?

As of 31-Jul, Syrma SGS Technology Ltd is experiencing a decline in its stock price, currently at 756.25, which reflects a decrease of 6.55 or 0.86%. Today, the stock opened with a loss of 2.83% and reached an intraday low of 734.65, marking a significant drop after five consecutive days of gains. Despite this short-term decline, the stock has shown strong performance over the past month with a return of 29.05% and an impressive 53.21% over the past year, significantly outperforming the benchmark Sensex, which has seen a decline of 3.00% and 0.68% respectively. However, the stock underperformed its sector today by 0.65%, and there has been a notable decrease in investor participation, with delivery volume falling by 27.79% against the five-day average.
In the broader market context, while Syrma SGS Technology has been able to generate substantial returns over the past year, the recent price movement reflects a correction after a period of strong gains. The stock's performance is contrasted by the negative returns of the broader market, as indicated by the BSE500's decline of 3.20% over the last year. The company benefits from a low debt-to-equity ratio and strong growth metrics, including a 112.35% increase in profit after tax over the last six months, which has attracted institutional investors. However, the stock's expensive valuation, indicated by a high enterprise value to capital employed ratio, may be contributing to the current price decline as investors reassess its valuation in light of recent performance.