Why is Syrma SGS Tech. falling/rising?

As of 15-Sep, Syrma SGS Technology Ltd is experiencing a decline in its stock price, currently at Rs 803.30, which reflects a decrease of Rs 20.4 or 2.48%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 7.13% over that period. Despite this recent downturn, the company has shown strong long-term growth, with net sales increasing at an annual rate of 40.92% and operating profit at 42.30%. Additionally, the company has reported positive results for the last four consecutive quarters, with a significant growth in profit after tax and a low debt-to-equity ratio, which could indicate a solid financial foundation. However, the stock is currently trading at a high valuation compared to its earnings, which may contribute to the recent price drop.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark Sensex, which has gained 1.24% over the past week. While Syrma SGS Technology Ltd has outperformed the market over the longer term, generating a 71.88% return in the last year compared to the Sensex's decline of 1.33%, the recent underperformance may be attributed to profit-taking by investors amid a high valuation. Furthermore, despite a rise in institutional investor participation, which can be a positive signal, the stock's recent price movement suggests that market sentiment may be cautious, particularly given its current trading dynamics and the overall market conditions.