Why is Acutaas Chemical falling/rising?

As of 20-Aug, Acutaas Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,395.10, which reflects a decrease of Rs 2.55 or 0.18%. The stock recently hit a new 52-week high of Rs 1,409.75 but has fallen after two consecutive days of gains, touching an intraday low of Rs 1,363.80. Despite this short-term decline, the stock has shown strong performance over the past week, with a return of 5.61%, and a remarkable 116.36% increase over the past year. The company has demonstrated healthy growth, with net sales increasing by 39.19% and positive results in the last four quarters, contributing to a low debt-to-equity ratio and high institutional holdings at 39.33%. However, the stock is considered expensive with a high price-to-book value, which may be a concern for some investors.
In the broader market context, Acutaas Chemicals has outperformed the Sensex, which has only increased by 1.64% over the past week, while the stock has gained significantly more. This indicates that while the stock is facing a slight pullback, its overall performance remains strong compared to the market benchmark. The rising investor participation, as evidenced by a significant increase in delivery volume, suggests continued interest in the stock, despite the recent price drop. Overall, while the stock is currently experiencing a minor decline, its long-term growth prospects and recent performance relative to the market remain positive.