Why is Times Guaranty falling/rising?

As of 15-Jul, Times Guaranty Ltd's stock price is currently at Rs 176.20, reflecting a decrease of Rs 3.6 or 2.0%. The stock has underperformed its sector by 2.81% today, having touched an intraday low of Rs 176, which is a decline of 2.11%. Over the past week, the stock has seen a significant drop of 7.29%, although it has performed positively over the last month with a return of 6.14%. Despite consistent returns over the past three years, the stock's long-term fundamental strength appears weak, evidenced by a low average Return on Equity (ROE) of 6.13% and slow growth in net sales. Additionally, while institutional investors have increased their stake, the stock is trading at a premium compared to its peers, which may deter some investors.
In the broader market context, the Sensex has declined by 1.36% over the past week, indicating that the market is experiencing some downward pressure, although Times Guaranty has underperformed this benchmark significantly. The stock's recent performance may also be influenced by falling investor participation, with delivery volume decreasing by 71.95% against the 5-day average. This decline in trading activity, combined with the stock's expensive valuation metrics and flat results in March 2025, suggests that investors may be cautious, contributing to the current price drop.