Why is Techno Elec.Engg falling/rising?

As of 24-Sep, Techno Electric & Engineering Company Ltd is experiencing a decline in its stock price, currently at Rs 1,375.00, which reflects a decrease of Rs 27.05 or 1.93%. The stock has underperformed its sector by 1.63% today and has been on a downward trend for the last two days, resulting in a total drop of 3.54%. Despite a relatively high delivery volume indicating rising investor participation, the stock's performance over the past week and month shows a decline of 4.73% and 10.77%, respectively. The company has reported positive financial results in recent quarters, including an 85.16% growth in operating profit, but it faces challenges with a poor long-term growth outlook and high valuation metrics, such as a Price to Book Value of 4.3.
In the broader market context, the stock's short-term performance contrasts with the Sensex, which has only declined by 1.18% over the past week. While Techno Electric has shown impressive long-term growth over three and five years, its recent performance has been lackluster, with a year-to-date decline of 12.81% compared to the Sensex's gain of 4.58%. This disparity highlights the stock's struggles despite positive institutional interest and strong operational metrics, suggesting that investor sentiment may be influenced by concerns over its valuation and growth sustainability.