Why is Tega Inds. falling/rising?

As of 24-Jul, Tega Industries Ltd is experiencing a decline in its stock price, currently at 1,935.00, which reflects a decrease of 15.0 points or 0.77%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 3.19% during this period. Despite this short-term downturn, Tega Industries has shown strong performance over the past month with a return of 31.10% and a year-to-date increase of 23.26%. However, the stock's delivery volume has significantly decreased by 81.92% compared to the five-day average, indicating a drop in investor participation. While the company boasts high management efficiency and strong institutional holdings, it faces challenges such as a high valuation and poor long-term growth prospects, which may be contributing to the recent price decline.
In the broader market context, Tega Industries has outperformed the Sensex over various periods, including a 1-week return of 1.84% compared to the benchmark's slight decline of 0.09%. However, the current underperformance in the short term, coupled with falling investor interest, suggests that market sentiment may be shifting. Despite the company's strong fundamentals and consistent returns over the past three years, the high price-to-book ratio and the relatively low growth in profits compared to its stock performance could be causing investors to reassess their positions, leading to the recent price drop.