Why is TBO Tek falling/rising?

As of 24-Sep, TBO Tek Ltd's stock price is currently at 1,580.55, reflecting a decrease of 20.05 points or 1.25%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.51% during this period. Additionally, the stock's performance over the past week shows a slight decrease of 0.77%, while it has experienced a more significant decline of 9.36% over the past year. Despite strong long-term fundamentals, including a robust average Return on Equity (ROE) of 28.30% and impressive growth in net sales and operating profit, the stock's valuation appears expensive with a high Price to Book Value ratio. The recent drop in delivery volume by 82.66% against the 5-day average indicates falling investor participation, which may further contribute to the stock's downward movement.
In the broader market context, TBO Tek's short-term performance has been slightly better than the benchmark, with a 1-week decline of 0.77% compared to the Sensex's 1.18% drop. However, the stock has consistently underperformed against the benchmark over the last three years, which may be influencing investor sentiment negatively. The company's high institutional holdings at 49.29% suggest that knowledgeable investors are closely monitoring its performance, but the stock's recent negative returns and the perception of overvaluation may deter new investments. Overall, while TBO Tek has strong fundamentals, the combination of recent price declines, reduced trading activity, and historical underperformance against the market is contributing to its current downward trajectory.