Why is Syschem (India) falling/rising?

As of 28-Aug, Syschem (India) Ltd is experiencing a decline in its stock price, currently at Rs 55.56, which reflects a decrease of Rs 2.2 or 3.81%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 7.23%. Today, it opened with a loss of 3.05% and reached an intraday low of Rs 55.51. Despite this recent downturn, the stock has shown strong performance over the past month with a return of 22.27% and a year-to-date increase of 12.13%. However, the company faces challenges such as a low return on equity of 5.12% and a high price-to-book value ratio of 2.6, which may contribute to investor concerns about its valuation.
In the broader market context, Syschem's recent performance contrasts with the benchmark Sensex, which has declined by 2.34% over the past week. While Syschem has outperformed the market over longer periods, including a 12.24% return over the past year compared to the Sensex's negative returns, the current short-term underperformance may be influencing investor sentiment. Additionally, a decrease in investor participation, as indicated by a 13.71% drop in delivery volume, suggests a waning interest in the stock, further exacerbating its price decline.