Why is Ashapura Minech. falling/rising?

As of 24-Jul, Ashapura Minechem Ltd's stock price is currently at Rs 564.50, reflecting a decrease of Rs 5.15 or 0.9%. The stock has shown strong performance over the past week, with a return of 3.91%, and has significantly outperformed the benchmark Sensex, which has remained nearly flat at -0.09%. Despite today's decline, the stock is trading close to its 52-week high, just 4% away from Rs 587.1, and has touched an intraday high of Rs 583. The stock is also trading above its moving averages across various time frames, indicating a generally positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 23.39% against the 5-day average, which may contribute to the recent price movement. 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's fair valuation and consistent returns over the past three years further support its potential, despite the current price drop.
In the broader market context, Ashapura Minechem's performance has been robust compared to the benchmark, particularly over the last month and year-to-date, where it has returned 33.42% and 45.68%, respectively, against the Sensex's modest gains. This strong performance indicates that while the stock is experiencing a slight decline today, it has been on an upward trajectory overall, outperforming the market significantly. The company's ability to generate substantial returns while maintaining a low PEG ratio of 0.5 suggests that it remains an attractive investment despite short-term fluctuations.