Why is Aditya Birla Cap falling/rising?

As of 03-Jul, Aditya Birla Capital Ltd is experiencing a slight decline in its stock price, currently at 273.35, reflecting a decrease of 0.55 or 0.2%. The stock has been losing value for the past two days, with a total drop of 2.67% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 1-month return of 23.05% and a year-to-date increase of 53.65%. It is currently trading close to its 52-week high, just 3.38% away from Rs 282.6. The stock's delivery volume has increased by 3.35% compared to the 5-day average, indicating rising investor participation. However, it is important to note that while the stock has generated a return of 15.12% over the past year, its profits have slightly declined by 0.1%.
In the broader market context, Aditya Birla Capital's short-term performance has outpaced the benchmark Sensex, which has seen a decline of 0.62% over the past week. This suggests that while the stock is currently facing a minor setback, it has been performing well relative to the market in the longer term. The company maintains strong fundamental strength with an average return on equity of 13.22%, and although it is trading at a premium compared to its peers, it has consistently outperformed the BSE500 over various time frames. The combination of recent profit declines and the stock's premium valuation may contribute to the current price movement, despite its overall strong performance history.