Why is Crestchem falling/rising?

As of 02-Jul, Crestchem Ltd's stock price is currently at 178.00, reflecting a decrease of 2.35, or 1.3%. The stock has underperformed its sector today by 0.41% and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 171.15, marking a decline of 5.1%. In terms of returns, the stock has shown a 4.46% increase over the past week but has declined by 2.68% over the last month. Despite a strong annual return of 44.72%, the stock's year-to-date performance is significantly negative at -36.44%. Positive factors include high management efficiency with a return on equity (ROE) of 34.69% and healthy long-term growth with net sales increasing at an annual rate of 32.68%. However, flat results in March and low performance metrics such as the lowest debtors turnover ratio and PBDIT have contributed to the stock's recent decline.
Broader market context indicates that while Crestchem has outperformed the benchmark Sensex over the past year, its short-term performance has not been as favorable. The Sensex has gained 0.79% over the past week, contrasting with Crestchem's 4.46% increase, suggesting that the stock's recent downturn may be influenced by broader market trends or sector-specific challenges. The stock's liquidity remains adequate, but the recent drop in price and underperformance against the sector may signal investor caution, particularly in light of the company's flat quarterly results and the premium at which it is trading compared to peers.