Why is Triveni Turbine falling/rising?

As of 24-Jul, Triveni Turbine Ltd. is experiencing a decline in its stock price, currently at 624.50, which reflects a decrease of 4.5 or 0.72%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total drop of 6.65% during this period. Despite this recent decline, the stock has shown positive performance over the past month with a return of 2.69%. The company has demonstrated strong long-term fundamentals, with a consistent average Return on Equity (ROE) of 23.08% and positive results for the last 14 consecutive quarters, including record net sales and profits. However, the stock's valuation appears expensive with a Price to Book Value of 16.3, which may be contributing to the current price pressure.
In the broader market context, Triveni Turbine's short-term performance has significantly underperformed compared to the benchmark Sensex, which has only declined by 0.09% over the same one-week period. While the stock has shown consistent returns over the past three years, its year-to-date performance is notably poor, with a decline of 15.51% compared to the Sensex's gain of 5.18%. The rising investor participation, indicated by a 69.53% increase in delivery volume, suggests that there is still interest in the stock despite its recent price drop. This combination of strong fundamentals and recent price declines may create a complex situation for investors weighing the stock's potential against its current valuation challenges.