Why is Alembic falling/rising?

As of 21-Jul, Alembic Ltd's stock price is currently flat at 118.30, with no change in percentage terms. The stock has shown a slight positive performance in the short term, outperforming its sector by 0.32%. However, the delivery volume has significantly decreased by 50.31% compared to the 5-day average, indicating a drop in investor participation. Over the past week, the stock has gained 0.42%, while it has increased by 6.15% over the last month. Despite these short-term gains, the stock has underperformed over the longer term, with a year-to-date decline of 10.55% and a one-year drop of 15.32%. The company has demonstrated strong operating profit growth and positive results over the last six quarters, but its high valuation metrics and lack of domestic mutual fund investment may be contributing to investor caution.
In the broader market context, Alembic Ltd's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.06% over the past week and a marginal drop of 0.25% over the past month. While the stock has outperformed the sector recently, it has lagged behind the market over the past year, where the BSE500 index has generated a return of 1.63%. This underperformance, coupled with the stock's high Price to Book Value ratio and low domestic mutual fund interest, suggests that investors may be hesitant to commit to Alembic Ltd despite its positive operational metrics.