Why is Tilaknagar Inds. falling/rising?

As of 31-Jul, Tilaknagar Industries Ltd is experiencing a decline in its stock price, currently at 492.40, which reflects a decrease of 6.35 points or 1.27%. The stock has underperformed its sector by 1.79% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.54%. It opened with a loss of 2.3% and reached an intraday low of Rs 482.65. While the stock has shown impressive long-term growth, with a 94.66% return over the past year and a significant increase in operating profit, it is currently facing challenges such as falling investor participation, as evidenced by a 4.12% decrease in delivery volume against the five-day average.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.27% compared to the Sensex's -1.22%. Despite the stock's strong historical performance, including a 536.59% increase over the last three years, concerns regarding its high valuation and low domestic mutual fund ownership may be contributing to the current price decline. The stock's price-to-book value of 10.8 indicates it is considered expensive, which could deter potential investors. Overall, while Tilaknagar Industries Ltd has demonstrated robust growth metrics, the recent price movement reflects investor caution amid valuation concerns and declining trading activity.