Why is Acutaas Chemical falling/rising?

As of 01-Aug, Acutaas Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,297.60, which represents a decrease of 31.5 points or 2.37%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 11.52% and 15.60%, respectively. The stock recently hit a new 52-week high of Rs 1,379 but has fallen after three consecutive days of gains. The trading volume indicates a weighted average price closer to the day's low, suggesting some selling pressure. Additionally, the company has demonstrated robust growth with a low debt-to-equity ratio and positive financial results over the last four quarters, which may have contributed to its previous upward momentum.
In the broader market context, Acutaas Chemicals has outperformed the Sensex in both the short and long term, with a year-to-date return of 20.68% compared to the Sensex's 3.15%. However, the stock underperformed its sector by 0.41% today, which may have influenced investor sentiment negatively. While the stock has high institutional holdings and has shown significant growth in net sales and profit after tax, its current valuation is considered expensive, which could be a factor in the recent price decline. Overall, the combination of strong fundamentals and recent price movements suggests that while the company has solid long-term prospects, short-term fluctuations and market dynamics are currently impacting its stock price.