Why is Frontier Springs falling/rising?

As of 07-Jul, Frontier Springs Ltd is experiencing a decline in its stock price, currently at 4,935.25, which reflects a decrease of 193.7 points or 3.78%. Today's performance indicates that the stock has underperformed its sector by 3.32%, touching an intraday low of Rs 4900.3, which is a drop of 4.46%. Despite this short-term decline, the stock has shown strong performance over the past week, month, and year, with returns of 4.58%, 21.93%, and 208.43%, respectively. The company has reported consistent growth in net profit and sales, with a significant increase in PAT and net sales over the last six months. However, the stock is trading at a premium compared to its peers, which may contribute to the current price drop as investors reassess its valuation amidst falling participation and liquidity.
In the broader market context, while Frontier Springs has outperformed the Sensex over various periods, including a remarkable 117.85% year-to-date return compared to the benchmark's 6.79%, the recent decline may reflect a market correction or profit-taking after substantial gains. The stock's recent performance contrasts with the Sensex's slight decline of 0.20% over the past week, indicating that while the company has strong fundamentals, investor sentiment may be cautious due to its high valuation and low domestic mutual fund interest, which could signal a lack of confidence at current price levels.