Why is Virat Industries falling/rising?

As of 08-Jul, Virat Industries Ltd is experiencing a decline in its stock price, currently at Rs 570.00, which reflects a decrease of Rs 29.9 or 4.98%. The stock has underperformed its sector by 6.81% today and has been on a downward trend for the last two days, accumulating a total loss of 7.92%. Despite a strong long-term performance with a 239.29% return over the past year, recent financial indicators reveal weaknesses, including a significant drop in operating profits and a low return on equity of 4.54%. The stock's valuation appears expensive compared to its peers, with a price-to-book value of 10.6, which may be contributing to investor caution.
In the broader market context, while Virat Industries has shown impressive returns over the long term, its recent performance contrasts sharply with the Sensex, which has only increased by 0.02% in the last week. The stock's 1-week return of 3.99% indicates some resilience, but the current decline suggests that investors are reacting to the company's weak fundamentals and falling investor participation, as evidenced by a 31.28% drop in delivery volume. This combination of short-term underperformance and long-term concerns about profitability and valuation is likely influencing the stock's current downward movement.