Why is Anand Rayons falling/rising?

As of 24-Jul, Anand Rayons Ltd's stock price is currently at Rs 296.50, reflecting a decrease of Rs 1.3 or 0.44%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. It is currently 2.87% away from its 52-week high of Rs 305. Despite this decline, the stock has shown strong performance in the longer term, with a remarkable increase of 533.55% over the past year and 742.33% over the last five years. However, there are concerns regarding its long-term fundamental strength, as evidenced by a -3.25% CAGR growth in operating profits over the past five years, and a relatively high Price to Book Value of 9.4, indicating it may be overvalued compared to peers.
In the broader market context, Anand Rayons has outperformed the Sensex in both the short and long term, with a 1-week return of +0.17% compared to the benchmark's -0.09%, and a year-to-date return of +97.01% versus the Sensex's +5.18%. However, the stock's recent performance is tempered by a significant drop in investor participation, with delivery volume falling by 60.47% against the 5-day average, which may indicate waning interest among investors. Additionally, the lack of domestic mutual fund investment, holding only 0% of the company, suggests that institutional investors may be cautious about the stock's current valuation and future prospects.