Why is Deepak Fertiliz. falling/rising?

As of 04-Jul, Deepak Fertilizers & Petrochemicals Corp Ltd is currently priced at Rs 1,710.20, reflecting a decline of Rs 18.8 or 1.09%. The stock has been underperforming recently, having fallen for the last three days, resulting in a total decrease of 2.01%. Despite this short-term decline, the stock has shown strong performance over longer periods, with a 128.00% return over the past year and a 42.50% increase year-to-date. However, it is noteworthy that the stock is currently 3.9% away from its 52-week high and has experienced a drop in delivery volume by 21.87% against the 5-day average, indicating a potential decrease in investor participation. The company has demonstrated high management efficiency and consistent positive results, which could support its long-term growth prospects.
In the broader market context, while Deepak Fertilizers has outperformed the Sensex over various time frames, including a 7.26% increase over the past week compared to a 0.74% decline in the benchmark, the recent price drop may reflect a correction after significant gains. The stock's valuation appears expensive with a high enterprise value to capital employed ratio, which could be contributing to investor caution. Additionally, while institutional holdings are strong, indicating confidence from larger investors, the recent decline in delivery volume suggests that retail investor interest may be waning. Overall, the combination of short-term price pressure and declining participation may be influencing the stock's current downward movement.