Why is Unicommerce falling/rising?

As of 28-Aug, Unicommerce eSolutions Ltd's stock price is currently at 133.10, reflecting a decrease of 1.6, or 1.19%. The stock has been on a downward trend, experiencing consecutive losses over the past five days, resulting in a total decline of 7.6%. Despite outperforming its sector by 0.55% today, the stock's performance over the past week shows a significant drop of 6.92%, while it has seen a modest gain of 8.92% over the past month. The company has demonstrated strong management efficiency with a high return on equity (ROE) of 27.92% and a low debt-to-equity ratio, but it faces challenges due to its expensive valuation and falling participation from institutional investors, who have decreased their stake by 1.64% in the last quarter.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 2.34% over the past week. While Unicommerce has underperformed significantly over the past year with a return of -37.08%, the benchmark has only seen a slight drop of 2.08%. This underperformance, coupled with a decline in institutional investor interest and a high price-to-book value ratio, suggests that market sentiment is cautious regarding the stock's future prospects. The company's healthy growth in operating profit and positive quarterly results may not be sufficient to offset the negative perception stemming from its long-term performance and valuation concerns.