Why is Valiant Commun. falling/rising?

As of 02-Sep, Valiant Communications Ltd's stock price is currently at 942.25, reflecting a decrease of 7.8 points or 0.82%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, with a total decline of 5.92% during this period. It opened the day with a loss of 2.64% and reached an intraday low of Rs 918.5, indicating significant selling pressure. Despite this recent decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 70.77% and a remarkable 465.07% rise over the past three years. The company maintains a low debt-to-equity ratio and has reported healthy growth in operating profit, which may provide some support for the stock despite its current price drop.
In the broader market context, Valiant Communications Ltd has outperformed the benchmark Sensex in various timeframes, including a 3-year return of 465.07% compared to the Sensex's 36.32%. However, the stock's recent performance contrasts with the benchmark's slight decline of 0.78% over the past week. The increase in institutional investor participation, with a 0.6% rise in their stake, suggests a positive outlook from more sophisticated investors, which could help stabilize the stock in the long run. Nonetheless, the current selling pressure and the stock's recent performance indicate that investors may be reacting to short-term market dynamics rather than the company's underlying fundamentals.