Why is Ashapura Minech. falling/rising?

As of 21-Jul, Ashapura Minechem Ltd is currently priced at 560.40, reflecting a decrease of 6.75, or 1.19%. The stock recently hit a new 52-week high of Rs 587.1 but has since fallen after two consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 15.21% and 36.00%, respectively. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 52.30% and operating profit at 40.14%. The stock is trading at a discount compared to its peers, and its PEG ratio of 0.5 indicates favorable valuation metrics, contributing to its overall positive outlook.
In the broader market context, Ashapura Minechem's short-term performance has significantly outpaced the Sensex, which has seen a negligible decline of 0.06% over the past week. The stock's liquidity is adequate, with a delivery volume increase of 11.03% against the five-day average, suggesting rising investor participation. However, the recent underperformance against its sector by 1.17% may have contributed to the current price drop. Overall, while the stock has experienced a slight decline today, its strong historical returns and growth metrics indicate a resilient position in the market.