Why is Vascon Engineers falling/rising?

As of 17-Sep, Vascon Engineers Ltd is experiencing a decline in its stock price, currently at Rs 61.68, which reflects a decrease of 1.0 (-1.6%). Today's price summary indicates that the stock has underperformed its sector by 1.97% and has fallen after four consecutive days of gains. The stock reached an intraday high of Rs 64 but also touched a low of Rs 60.59 during the day. Despite this decline, the stock has shown strong performance over the past week and month, with returns of +10.90% and +28.13%, respectively. The company benefits from a low debt-to-equity ratio and healthy long-term growth, with operating profits increasing at an annual rate of 36.06%. However, the stock's recent performance may be influenced by its trading at a premium compared to peers and the negative return of -11.63% over the past year, despite a significant rise in profits.
In the broader market context, the Sensex has shown a modest increase of 1.56% over the past week and 2.60% over the past month, indicating that while Vascon Engineers has outperformed the benchmark in the short term, its recent decline contrasts with the overall market trend. The stock's year-to-date return of +16.38% also surpasses the Sensex's +5.83%, suggesting that the company has had a strong performance relative to the market in 2023. However, the recent drop in price may reflect profit-taking by investors after a significant run-up, as well as broader market dynamics that could be affecting investor sentiment.