Why is Fluidomat falling/rising?

As of 07-Jul, Fluidomat Ltd's stock price is currently at Rs 1,334.00, reflecting a decrease of Rs 1.0 or 0.07%. Today's price summary indicates that the stock has outperformed its sector by 0.3%, although it has experienced a trend reversal after three consecutive days of gains, touching an intraday low of Rs 1,301. Despite this minor decline, Fluidomat has shown impressive performance over various periods, with a 92.29% return over the past year and a staggering 869.12% return over three years. The company has consistently reported positive results for the last ten quarters, with significant growth in operating profit and net sales, although it is trading at a premium compared to its peers, which may raise concerns about its valuation.
In the broader market context, Fluidomat's short-term performance has been notably strong, with a 15.22% increase over the past week, while the benchmark Sensex has declined by 0.20%. This indicates that Fluidomat is not only performing well relative to the market but also attracting increased investor participation, as evidenced by a significant rise in delivery volume. However, the lack of domestic mutual fund investment may suggest caution among institutional investors regarding the stock's current valuation. Overall, while the stock has shown remarkable growth and consistent returns, its recent price decline could be attributed to profit-taking after a strong rally and concerns over its high valuation amidst strong performance metrics.