Why is Alpex Solar falling/rising?

As of 12-Sep, Alpex Solar Ltd is currently priced at 1,307.05, reflecting a decline of 39.3 points or 2.92%. Today's performance indicates that the stock has underperformed its sector by 3.28%. Despite this decline, Alpex Solar has shown resilience in the longer term, with a year-to-date return of 54.11% and a one-year return of 52.35%, significantly outpacing the broader market's negative return of 1.08%. However, the stock's recent price drop can be attributed to a notable decrease in investor participation, as evidenced by a 36.8% decline in delivery volume compared to the five-day average. While the company has reported strong financial growth, including a 21.9% increase in net profit and impressive quarterly results, its high valuation metrics, such as a ROCE of 168.2 and a PEG ratio of 0.2, may be causing some investor caution.
In the broader market context, Alpex Solar's short-term performance has been relatively strong, with a one-week return of 4.18% compared to the Sensex's 1.51%. However, the stock's recent decline suggests that it is facing some headwinds despite its overall positive trajectory. The market has generated negative returns over the past year, yet Alpex Solar has managed to outperform significantly. This contrast highlights the stock's potential for long-term growth, but the current price movement indicates that investors may be reassessing their positions in light of the recent drop in trading volume and the stock's high valuation.