Why is Coromandel Inter falling/rising?

As of 08-Aug, Coromandel International Ltd's stock is currently priced at 2,413.50, reflecting a decrease of 31.5 points or 1.29%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 7.87% during this period. Despite this recent downturn, the stock has shown strong long-term performance, with a year-to-date increase of 28.38% and a remarkable 47.20% rise over the past year. However, today's trading volume indicates a significant drop in investor participation, with delivery volume falling by 49.61% compared to the five-day average. While the company boasts strong fundamentals, including a healthy return on equity and impressive sales growth, its current valuation appears expensive relative to peers, which may be contributing to the recent price decline.
In the broader market context, Coromandel International's short-term performance has significantly underperformed compared to the benchmark Sensex, which has only declined by 0.92% over the same one-week period. This contrast highlights the stock's recent struggles despite its strong long-term growth metrics and institutional backing. The stock's liquidity remains adequate for trading, but the combination of falling investor interest and a high valuation relative to earnings may be weighing on its price. Overall, while the company has demonstrated robust growth and solid fundamentals, the recent price movement reflects market concerns regarding its valuation and investor sentiment.