Why is Thomas Scott falling/rising?

As of 29-Sep, Thomas Scott India Ltd is experiencing a decline in its stock price, currently at Rs 332.00, which reflects a decrease of Rs 16.15 or 4.64%. The stock has been underperforming, having lost 13.53% over the past week and 4.98% over the past month. Despite opening with a gain of 4.84% today and reaching an intraday high of Rs 365, it has faced significant volatility, trading in a wide range and ultimately hitting a low of Rs 330.75. The stock is currently trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 64.09% against the 5-day average. While the company has shown strong financial performance with consistent growth in net sales and profits, its high valuation and declining institutional interest may be contributing to the recent price drop.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-week return of -13.53% compared to the Sensex's decline of only 2.18%. This stark contrast highlights the stock's underperformance relative to the market. Although Thomas Scott has generated positive returns over the past year and has a strong ability to service debt, the recent decrease in institutional investor stakes and the stock's expensive valuation compared to peers may be influencing market sentiment negatively. Overall, the combination of high volatility, declining participation, and a premium valuation relative to historical averages suggests that investors are cautious, leading to the stock's current downward trajectory.