Why is Tega Inds. falling/rising?

As of 01-Aug, Tega Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,872.10, reflecting a decrease of Rs 40.3 or 2.11%. Today's performance indicates that the stock has underperformed its sector by 1.34%, following a trend reversal after three consecutive days of gains. The stock touched an intraday low of Rs 1,869.7, and while it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is below its 5-day moving average. Over the past week, Tega Industries has shown a positive return of 0.70%, and over the past month, it has increased by 19.04%, contrasting with the Sensex which has declined by 1.06% in the same period. Despite high management efficiency and low debt levels, the stock's valuation appears expensive, which may be contributing to its recent price decline.
In the broader market context, Tega Industries' recent performance has been notably stronger than the benchmark Sensex, particularly over the past month where it has outperformed by a significant margin. However, the overall market sentiment may be affecting the stock's current price movement, as evidenced by the Sensex's decline of 3.70% over the last month. The stock's high institutional holdings suggest a level of confidence among sophisticated investors, yet concerns about its long-term growth potential and high valuation metrics may be weighing on investor sentiment, leading to the current downward trend.