Why is Transport Corp. falling/rising?

As of 06-Nov, Transport Corporation of India Ltd is experiencing a decline in its stock price, currently at 1,160.55, which reflects a decrease of 20.4 points or 1.73%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.44% during this period. Additionally, the stock touched an intraday low of Rs 1155.05, indicating a lack of upward momentum. The trading volume has also decreased significantly, with delivery volume dropping by 42.3% compared to the five-day average. Despite a low debt-to-equity ratio and an attractive valuation, the stock's performance over the past year has been negative, with a return of -3.59%, even though profits have increased by 13.9%.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a one-week return of -3.76% compared to the Sensex's -1.30%. This underperformance in the short term contrasts with the stock's long-term gains, where it has outperformed the benchmark over three and five years. However, the recent decline and falling investor participation suggest a cautious sentiment among investors, which may be influenced by the stock trading at a premium relative to its peers. Overall, while the company has solid fundamentals, the recent price movement reflects broader market challenges and investor hesitance.