Why is Times Guaranty falling/rising?

As of 11-Aug, Times Guaranty Ltd is experiencing a decline in its stock price, currently at Rs 289.50, reflecting a decrease of 5.0 points or 1.7%. The stock has underperformed its sector today by 2.39% and has been on a downward trend for the last two days, with a total drop of 6.61% during this period. Despite opening with a gain of 2.29% and reaching an intraday high of Rs 301.25, the stock's performance has been negatively impacted by a significant drop in investor participation, with delivery volume falling by 80.42% compared to the 5-day average. Although the stock has shown impressive long-term performance, generating returns of 121.16% over the past year, its weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 6.13% and poor growth in net sales, raises concerns among investors.
In the broader market context, Times Guaranty has outperformed the benchmark Sensex in both the short-term and long-term, with a 1-week return of 3.99% compared to the Sensex's decline of 0.51%. However, the stock's recent price drop may be attributed to its high valuation relative to peers, as indicated by a Price to Book Value of 5.5, which suggests it is trading at a premium. Additionally, while the stock has shown strong returns over the past year, its profits have only increased by 31.1%, leading to a high PEG ratio of 3.6, which may deter potential investors.