Why is Virat Industries falling/rising?

As of 07-Jul, Virat Industries Ltd is experiencing a decline in its stock price, currently at Rs 599.90, which reflects a decrease of Rs 19.15 or 3.09%. The stock opened with a gain of 3.87% today, reaching an intraday high of Rs 643, but has since fallen after six consecutive days of gains. Despite this recent downturn, the stock has shown impressive performance over the past year, with a return of 244.87%, significantly outperforming the BSE500. However, the company faces challenges, including weak long-term fundamental strength indicated by a -29.80% CAGR growth in operating profits over the last five years and a low return on equity of 4.54%, which suggests low profitability per unit of shareholders' funds.
In the broader market context, while Virat Industries has outperformed the Sensex with a return of 29.40% over the past month compared to the benchmark's 1.53%, the stock's recent performance today underperformed its sector by 2.43%. The stock's liquidity remains adequate for trading, but concerns about its ability to service debt and high valuation metrics, such as an 11.2 Price to Book Value, may be contributing to the current price decline. Overall, the combination of strong historical returns and recent underperformance, alongside fundamental weaknesses, is influencing the stock's price movement.