Why is Acutaas Chemical falling/rising?

As of 17-Jul, Acutaas Chemicals Ltd is experiencing a decline in its stock price, currently at 1,210.90, reflecting a decrease of 4.1 points or 0.34%. Today's price summary indicates that the stock has underperformed its sector by 0.59% and has seen a trend reversal after six consecutive days of gains. Despite this recent downturn, the stock has shown strong performance over various periods, with a 1-week return of 6.88% and a 1-year return of 79.79%, significantly outperforming the benchmark Sensex, which has only returned 1.91% over the same timeframe. The company has also demonstrated healthy growth metrics, including a 38% increase in net profit and consistent positive results over the last three quarters, which may contribute to investor confidence despite the current price drop.
In the broader market context, Acutaas Chemicals' recent performance contrasts with the Sensex's decline, as the stock has outperformed the benchmark significantly over the past year. The stock's liquidity remains strong, with a delivery volume increase of 30.24% against the 5-day average, indicating rising investor participation. However, the stock's valuation appears expensive with a Price to Book Value of 7.6, which may raise concerns among investors. While the company has a low debt-to-equity ratio and high institutional holdings at 34.81%, the expensive valuation could be a factor in the stock's current price movement, suggesting that while the fundamentals are strong, market sentiment may be cautious in light of valuation concerns.