Why is Coromandel Inter falling/rising?

As of 24-Jun, Coromandel International Ltd's stock price is rising, currently at Rs 2,390.55, reflecting an increase of Rs 78.35 or 3.39%. The stock has shown strong performance today, outperforming its sector by 2.26% and achieving a consecutive gain over the last four days, with a total return of 4.85% during this period. It reached an intraday high of Rs 2,420, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume, which fell by 62.93% against the 5-day average, the stock remains liquid enough for trading. Over the past year, Coromandel has generated a remarkable return of 56.16%, significantly outpacing the Sensex, which increased by only 6.10%.
In the broader market context, Coromandel's short-term return of 3.56% over the past week is substantially higher than the Sensex's increase of 0.58%, indicating strong relative performance. The company's high management efficiency, reflected in a return on equity (ROE) of 21.78%, and a low debt-to-equity ratio contribute positively to investor sentiment. Additionally, the company has shown impressive growth in profits and cash reserves, further bolstering its appeal. However, it is worth noting that the stock is considered expensive with a price-to-book value of 6.4, and while it has performed well, its profit growth has not kept pace with its stock price increase, leading to a high PEG ratio of 4.4. This combination of strong performance metrics and high valuation may create a mixed outlook for potential investors.