Why is Aditya Birla Cap falling/rising?

As of 22-Aug, Aditya Birla Capital Ltd is experiencing a decline in its stock price, currently at Rs. 286.55, which reflects a decrease of Rs. 4.7 or 1.61%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 5.02% and 6.56%, respectively. The stock recently hit a new 52-week high of Rs. 292.25, indicating positive momentum. However, it underperformed its sector by 1.17% today, and the stock touched an intraday low of Rs. 284.65. While the stock is trading above its moving averages, the recent profit decline of 0.1% and rising raw material costs may be contributing to the current price drop. Additionally, the stock's fair valuation and premium compared to peers suggest that while it has strong long-term fundamentals, there are concerns that could be affecting investor sentiment.
In the broader market context, Aditya Birla Capital's short-term performance has outpaced the benchmark Sensex, which has only gained 0.88% over the past week. The stock's year-to-date return of 61.07% significantly exceeds the Sensex's 4.05%, highlighting its strong market-beating performance. The increase in institutional investor participation, with a 0.63% rise in their stake, indicates confidence in the company's long-term prospects. However, the flat results reported in June and the increase in raw material costs may be creating headwinds for the stock, leading to its current decline despite its overall strong performance in the longer term.