Why is Yatra Online falling/rising?

As of 14-Aug, Yatra Online Ltd's stock price is currently at Rs 141.76, reflecting a decrease of Rs 6.8 or 4.58%. Today's price summary indicates that the stock has underperformed its sector by 5.34% and has experienced a trend reversal, falling after three consecutive days of gains. The stock reached an intraday low of Rs 139.6, with a weighted average price showing more volume traded closer to this low. Despite this decline, Yatra Online has shown strong performance over the past week and month, with returns of 43.96% and 66.38%, respectively. The company has reported positive financial results, including a significant growth in net sales and operating profit, alongside a low debt-to-equity ratio, which generally supports a bullish outlook. However, the stock's low return on equity of 2.33% and high valuation metrics raise concerns about its profitability and efficiency.
In the broader market context, Yatra Online's recent performance contrasts with the Sensex, which has remained relatively flat with a change of -0.03% over the past week. While Yatra Online has outperformed the benchmark significantly in the short term, the current decline may reflect profit-taking after its substantial gains. The stock's liquidity remains adequate, and rising investor participation suggests continued interest, although the recent drop indicates some caution among investors. Overall, while the company has demonstrated strong operational results, the market's reaction may be influenced by concerns over management efficiency and valuation, leading to the current price decline.