Why is Choksi Laborator falling/rising?

As of 12-Sep, Choksi Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 199.50, which represents a decrease of Rs 13.5 or 6.34%. The stock has underperformed its sector by 6.61% today and has been on a downward trend for the last three days, accumulating a total loss of 11.33%. Despite a strong year-to-date return of 165.75%, the stock has seen negative returns of 8.04% over the past week and 7.60% over the past month. The stock's moving averages indicate it is currently lower than the 5-day, 20-day, and 50-day averages, although it remains above the 100-day and 200-day moving averages. Positive factors include a rising participation from institutional investors, who have increased their stake by 2.37%, and the stock's attractive valuation metrics, including a return on capital employed (ROCE) of 9.5. However, concerns about long-term growth persist, as indicated by a low average ROCE of 7.04% and a high debt-to-EBITDA ratio of 3.69 times.
Broader market context shows that while Choksi Laboratories has significantly outperformed the benchmark over the past year and three years, it has lagged behind the Sensex in the short term, with a 1-week return of -8.04% compared to the Sensex's gain of 1.48%. This divergence suggests that while the company has strong long-term performance metrics, recent market sentiment and performance may be weighing on its stock price. The overall market conditions and sector performance may also be contributing to the stock's current decline, as it struggles to maintain momentum amidst broader market fluctuations.