Why is Gabriel India falling/rising?

As of 24-Jul, Gabriel India Ltd's stock price is currently at 992.00, reflecting a decrease of 16.0 points or 1.59%. The stock has underperformed its sector today by 2.52% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has shown impressive performance over the longer term, with a 64.40% increase over the past month and a remarkable 108.40% rise year-to-date. However, the stock's delivery volume has decreased significantly, falling by 36.81% against the 5-day average, indicating a drop in investor participation. While the company has demonstrated strong financial results over the last eight quarters, including record net sales and operating profit margins, concerns about its high valuation and relatively slow long-term growth may be contributing to the current price decline.
In the broader market context, Gabriel India's recent short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 0.09% over the past week. This underperformance is particularly evident given the stock's 4.16% drop in the same period. Despite the stock's strong historical returns, including a 624.88% increase over the past three years, the current market sentiment may be influenced by its high price-to-book ratio and a PEG ratio of 4.7, suggesting that the stock is trading at a premium compared to its peers. These factors, combined with the recent decline in trading volume and investor participation, may be leading to a cautious outlook among investors, contributing to the stock's current downward movement.