Why is Choksi Laborator falling/rising?

As of 23-Jun, Choksi Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 162.30, reflecting a decrease of Rs 1.7 or 1.04%. The stock has underperformed its sector by 0.96% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.53%. Despite a strong performance over the past year with a return of 185.24%, the stock has recently shown a decline in investor participation, with delivery volume falling by 33.62% compared to the 5-day average. Additionally, while the stock is trading at a discount compared to its peers, the recent price movement indicates a potential shift in market sentiment.
Broader market context shows that the stock's short-term performance has lagged behind the benchmark, with a 2.90% decline over the past week compared to a slight increase of 0.12% in the Sensex. However, the long-term outlook remains positive, as institutional investors have increased their stake by 1.94%, suggesting confidence in the company's fundamentals. The stock has consistently outperformed the BSE 500 over various time frames, indicating strong market-beating performance in the long run. Despite the recent price drop, the overall valuation remains attractive, supported by a solid return on capital employed and a favorable PEG ratio.