Why is Thacker & Co. falling/rising?

As of 03-Jul, Thacker & Company Ltd's stock price is currently at 1,625.00, reflecting a decrease of 56.0 points or 3.33%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.92%. It opened the day with a loss of 3.03% and reached an intraday low of Rs 1620. Despite trading above the 50-day, 100-day, and 200-day moving averages, it remains below the 5-day and 20-day moving averages. The stock has shown a significant return of 70.20% over the past year, but it has also experienced poor long-term growth, with net sales declining at an annual rate of -2.38% over the last five years. The company's valuation appears expensive, trading at a premium compared to its peers, which may contribute to the recent price decline.
In the broader market context, Thacker & Company Ltd has underperformed the Sensex, with a 1-week return of -5.41% compared to the benchmark's -0.62%. While the stock has shown strong performance over the longer term, outperforming the BSE500 in the last three annual periods, the recent negative trends in sales growth and high valuation may be causing investor concern. The stock's liquidity remains adequate, with rising investor participation noted, but the overall sentiment appears to be weighed down by the company's flat financial results and the perception of poor long-term growth potential.