Why is Systematix Corp. falling/rising?

As of 15-Sep, Systematix Corporate Services Ltd is experiencing a decline in its stock price, currently at Rs 122.50, reflecting a decrease of Rs 1.5 or 1.21%. The stock has underperformed its sector by 1.68% today and has been on a consecutive downward trend for the last two days, with a total decline of 1.96% during this period. It reached an intraday low of Rs 121.4, which is a 2.1% drop. Over the past week, the stock has shown a marginal increase of 0.04%, but it has significantly underperformed over the last month and year, with declines of 4.33% and 24.01%, respectively. While the company has strong long-term fundamentals, including an average Return on Equity (ROE) of 15.11% and healthy operating profit growth, recent flat quarterly results and a high Price to Book Value ratio suggest that the stock may be overvalued, contributing to its current downward movement.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.24% over the past week and 1.47% over the past month. The stock's year-to-date decline of 34.60% is also significantly worse than the benchmark's positive return of 4.67%. This underperformance may be indicative of a lack of confidence from domestic mutual funds, which hold no stake in the company, suggesting that institutional investors may not be comfortable with the current valuation or the business outlook. Overall, the combination of recent poor performance, high valuation concerns, and weak institutional interest has contributed to the stock's decline.