Why is Acutaas Chemical falling/rising?

As of 12-Nov, Acutaas Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,703.00, which reflects a decrease of Rs 48.6 or 2.77%. The stock has underperformed its sector by 3.85% today and has been on a downward trend for the last five days, accumulating a total loss of 7%. Additionally, the stock reached an intraday low of Rs 1,667, indicating significant selling pressure. Despite a strong performance over the past year with a return of 66.83%, the recent drop can be attributed to falling investor participation, as evidenced by a 26.24% decrease in delivery volume compared to the five-day average.
In the broader market context, the Sensex has shown a positive return of 1.21% over the past week, contrasting sharply with Acutaas Chemicals' 7% decline. This disparity highlights the stock's recent struggles despite its strong long-term growth indicators, such as a 63.28% increase in net profit and consistent positive results over the last five quarters. However, the stock's valuation appears expensive with a high Price to Book Value ratio, which may be contributing to investor caution. While institutional holdings are robust at 39.44%, the current market sentiment and recent performance suggest that investors are reassessing their positions in light of the stock's recent underperformance.