Why is Ganesha Ecosphe. falling/rising?

As of 31-Jul, Ganesha Ecosphere Ltd's stock price is currently at Rs 1,483.00, reflecting a decrease of Rs 10.85 or 0.73%. Today's performance indicates that the stock outperformed its sector by 1.62%, despite touching an intraday low of Rs 1,460.6, which represents a decline of 2.23%. Over the past week, the stock has shown a slight increase of 0.27%, while it has experienced a year-to-date decline of 26.34%. The company has demonstrated strong fundamentals, with a low debt-to-equity ratio of 0.36 and consistent growth in operating profit at an annual rate of 28.35%. Additionally, it has reported positive results for the last five consecutive quarters, with a significant increase in profit after tax and net sales. However, the stock is perceived as having an expensive valuation, which may contribute to the current downward price movement.
In the broader market context, the stock's short-term return of 0.27% over the past week contrasts with the Sensex, which has decreased by 1.22% during the same period. This suggests that Ganesha Ecosphere Ltd is performing relatively better than the overall market. Despite this, the stock has underperformed on a year-to-date basis compared to the Sensex, which has gained 3.90%. The textile sector, in which the company operates, has also faced challenges, declining by 2.37%. The high institutional holdings at 32.08% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals, but the overall market sentiment and valuation concerns appear to be influencing the stock's recent price decline.