Why is Valiant Commun. falling/rising?

As of 10-Jul, Valiant Communications Ltd is currently priced at Rs. 882.50, reflecting a decline of Rs. 17.5 or 1.94%. The stock has recently hit a new 52-week high of Rs. 917.5 but has underperformed its sector by 1.69% today. Despite this decline, the stock has shown strong performance over the past week, gaining 3.06%, and has impressive returns over longer periods, including a 59.95% increase year-to-date and a staggering 626.34% rise over the past three years. The company also demonstrates healthy growth metrics, with significant increases in operating profit, profit before tax, and net sales compared to previous quarters, indicating robust financial health.
In the broader market context, while Valiant Communications has outperformed the Sensex over various time frames, including a 28.49% gain over the past month compared to the benchmark's 0.97%, the stock's recent price drop may be attributed to a trend reversal after two consecutive days of gains. The stock's liquidity remains adequate for trading, and rising investor participation suggests ongoing interest despite today's decline. Overall, while the stock has shown strong long-term growth and consistent returns, the current price movement reflects a temporary pullback in the context of recent performance and market conditions.