Why is Acutaas Chemical falling/rising?

As of 18-Jul, Acutaas Chemicals Ltd is experiencing a decline in its stock price, currently at 1,207.00, reflecting a decrease of 3.9 points or 0.32%. The stock has been under pressure, having fallen for the last two consecutive days, resulting in a total decline of 0.66% during this period. Despite this recent downturn, the stock has shown strong performance over the past week, with a return of 5.73%, and has outperformed the sector by 0.71% today. Additionally, the stock has demonstrated impressive returns over longer periods, including an 83.29% increase over the past year. However, there has been a notable drop in investor participation, with delivery volume decreasing by 53.84% compared to the five-day average, which may contribute to the current price movement.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has declined by 0.90% over the past week, the recent price drop could be attributed to a combination of factors including a high valuation indicated by a Price to Book Value of 7.5 and a relatively low return on equity of 12.1%. Despite these concerns, the company has shown robust growth in net sales and operating profit, with a healthy annual growth rate of 24.63% and a net profit increase of 38%. The high institutional holdings at 34.81% suggest confidence from more knowledgeable investors, which may provide some support for the stock despite the recent price decline.