Why is Allied Blenders falling/rising?

As of 10-Nov, Allied Blenders & Distillers Ltd is experiencing a decline in its stock price, currently at Rs 622.00, which reflects a decrease of Rs 19.95 or 3.11%. Today's price summary indicates that the stock underperformed its sector by 1.74%, touching an intraday low of Rs 620.65. Despite a strong performance over the past year, with a return of 90.83%, the stock has recently faced a 9.00% decline over the past week. Positive factors such as high management efficiency, significant growth in operating profit, and consistent positive results over the last six quarters contribute to its long-term appeal. However, the stock's current valuation appears expensive, which may be causing some investor caution.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which only declined by 0.53% over the same week. While Allied Blenders has shown impressive year-to-date growth of 44.75% compared to the Sensex's 6.91%, the recent downturn may reflect market corrections or profit-taking after substantial gains. The rising investor participation, indicated by increased delivery volume, suggests that there is still interest in the stock, but the current price movement indicates a cautious sentiment among investors.