Why is Yatra Online falling/rising?

As of 15-Sep, Yatra Online Ltd's stock is currently priced at 161.25, reflecting a decrease of 1.75, or 1.07%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 156.2, which is a decline of 4.17%. Despite this drop, the stock has shown strong performance over the past month, with a return of 13.75%, and has outperformed the broader market with a year-to-date return of 39.49%. The company has been reporting positive results consistently, including a significant growth in net sales and operating profit, which has attracted high institutional holdings. However, the stock's low return on equity and relatively expensive valuation may be contributing to investor caution, impacting its recent price movement.
In the broader market context, Yatra Online's short-term performance has been slightly below the benchmark, as the Sensex has increased by 1.24% over the past week. While the stock has outperformed the market over the past year, generating a return of 15.34% compared to the Sensex's decline of 1.33%, the recent price drop may reflect a correction after a period of strong gains. The liquidity of the stock remains favorable, with a significant increase in delivery volume, indicating ongoing investor interest despite the current decline. Overall, while the company has demonstrated strong fundamentals, the recent price movement suggests a cautious approach from investors in light of its management efficiency and valuation concerns.