Why is CRISIL falling/rising?

As of 30-Sep, CRISIL Ltd. is experiencing a decline in its stock price, currently at 4,438.60, which reflects a decrease of 145.1 points or 3.17%. The stock has been underperforming significantly, with a consecutive fall over the last nine days, resulting in a total drop of 12.5%. Despite opening with a gain of 2.18% today and reaching an intraday high of Rs 4683.65, it also touched a low of Rs 4360, indicating high volatility with an intraday fluctuation of 5.06%. Over the past week, the stock has fallen by 8.52%, while its year-to-date performance shows a substantial decline of 33.60%. Factors contributing to this downturn include poor long-term growth prospects, as evidenced by a low annual growth rate in net sales and operating profit, alongside a very expensive valuation relative to its peers.
In the broader market context, CRISIL's performance has been notably worse than the benchmark Sensex, which has only declined by 2.23% over the same week. The stock's recent struggles are compounded by falling investor participation, with delivery volume dropping significantly, and the ratings sector also experiencing a decline of 2.73%. Although the company boasts high management efficiency and low debt levels, these positives are overshadowed by its flat results and high valuation metrics, such as a PEG ratio of 3.7, which suggests that the stock may be overvalued given its earnings growth. Overall, the combination of these stock-specific factors and the broader market context indicates a challenging environment for CRISIL Ltd. at this time.