Why is Divi's Lab. falling/rising?

As of 07-Jul, Divis Laboratories Ltd is currently priced at Rs 6,881.00, reflecting a decrease of Rs 43.55 or 0.63%. The stock has recently underperformed its sector by 0.55% and has experienced a trend reversal after eight consecutive days of gains. Despite this decline, the stock is only 0.87% away from its 52-week high of Rs 6,940.95. Over the past week, Divis Laboratories has shown a return of 1.02%, outperforming the Sensex, which has decreased by 0.20%. The company has demonstrated strong management efficiency with a high return on equity (ROE) of 17.46% and has consistently declared positive results over the last three quarters, contributing to its long-term performance. However, the stock is considered expensive with a high Price to Book Value ratio and a PEG ratio of 2.3, indicating potential valuation concerns.
In the broader market context, while Divis Laboratories has outperformed the benchmark indices over various periods, including a 48.69% return over the past year compared to the Sensex's 4.31%, the recent decline may reflect a broader market sentiment or profit-taking after a strong performance. The stock's liquidity remains adequate, but a significant drop in delivery volume by 48.35% against the five-day average suggests a decrease in investor participation, which could be contributing to the current price movement. Overall, while the company has strong fundamentals and a solid market position, the recent price decline may be influenced by valuation concerns and reduced trading activity.