Why is The Anup Enginee falling/rising?

As of 22-Aug, The Anup Engineering Ltd's stock price is currently at 2,295.35, reflecting a decline of 16.65 points, or 0.72%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days with a total return of -1.06% during this period. Despite a positive performance over the past week, where it increased by 3.56%, the stock has seen a significant drop of 15.75% over the past month. The company's delivery volume has also decreased sharply, falling by 56.16% compared to the five-day average, indicating reduced investor participation. While the company boasts a high return on equity (ROE) of 16.55% and a low debt-to-equity ratio, its recent flat results and high valuation metrics, such as a price-to-book value of 7.5, may be contributing to the stock's current decline.
In the broader market context, The Anup Engineering Ltd's recent performance contrasts with the benchmark Sensex, which has only declined by 1.07% over the past month. This suggests that while the stock has underperformed relative to the market, it has shown stronger short-term resilience compared to the benchmark over the last week. The company's consistent returns over the past three years and its ability to outperform the BSE500 annually are positive indicators; however, the high valuation and flat quarterly results may be causing investors to reassess their positions, leading to the current price decline.