Why is Thyrocare Tech. falling/rising?

As of 17-Jul, Thyrocare Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 1,159.45, which reflects a decrease of Rs. 39.9 or 3.33%. Despite this drop, the stock has shown strong performance over the past week, with a return of 7.01%, and has outperformed the benchmark Sensex, which fell by 1.12%. However, today's performance indicates a reversal after three consecutive days of gains, with the stock touching an intraday low of Rs. 1,153.45. The stock is trading above its moving averages, and there has been an increase in investor participation, evidenced by a rise in delivery volume. Nonetheless, the stock underperformed its sector by 3.7% today.
In the broader market context, while Thyrocare Technologies has demonstrated impressive long-term performance, generating a return of 79.52% over the past year, it faces challenges due to its high valuation and pledged promoter shares, which can exert downward pressure in volatile markets. The company's operating profit growth has been negative over the last five years, raising concerns about its long-term growth potential. Although it has shown strong recent results and management efficiency, the combination of high valuation metrics and market conditions may contribute to the current decline in stock price.