Why is Thejo Engg. falling/rising?

As of 31-Jul, Thejo Engineering Ltd's stock price is currently at 2,359.50, reflecting a decrease of 75.7 points or 3.11%. Despite this decline, the stock has shown strong performance in the short term, with a 7.02% increase over the past week and a remarkable 29.53% rise over the last month. Today's performance indicates that it underperformed its sector by 2.56%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend. However, the company faces challenges, including a poor long-term growth outlook, with net sales and operating profit growing at only 12.70% and 10.00% annually over the last five years, respectively. Additionally, while the stock has a high return on equity (ROE) of 18.50% and a low debt-to-equity ratio, its valuation is considered expensive, trading at a price-to-book value of 8.6.
In the broader market context, Thejo Engineering Ltd has underperformed compared to the benchmark, with a one-year return of -24.13% against the BSE500's -3.20%. This significant disparity indicates that while the stock has had some positive short-term movements, it has struggled to maintain investor confidence over the longer term. The recent decline in price may reflect concerns about its high valuation and the company's ability to sustain growth in a challenging market environment.