Why is Gabriel India falling/rising?

As of 17-Jul, Gabriel India Ltd's stock price is currently at 1,035.05, reflecting a decrease of 13.95 points or 1.33%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 6.21%. In the past week, the stock has decreased by 3.89%, while it has shown impressive growth over the longer term, with a 73.30% increase over the past month and a remarkable 117.45% rise year-to-date. Despite the recent downturn, the company has demonstrated strong fundamentals, including positive results for the last eight quarters, a low debt-to-equity ratio, and increased institutional investor participation, which may support future price recovery. However, concerns about its high valuation and slower long-term growth rate could be contributing to the current price decline.
In the broader market context, Gabriel India's recent performance has been less favorable compared to the benchmark Sensex, which has only declined by 1.12% over the same week. This underperformance relative to the market may reflect investor caution amid the stock's high valuation metrics, such as a Price to Book Value of 14.7, which is considered expensive compared to peers. While the stock has generated significant returns over the past year, the slower growth in net sales and the high PEG ratio of 4.9 suggest that investors may be reassessing the stock's future potential, leading to the recent price drop.