Why is Granules India falling/rising?

As of 18-Sep, Granules India Ltd is currently priced at 543.10, reflecting a decrease of 2.95 points or 0.54%. The stock has recently underperformed its sector by 1.59% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, Granules India has shown strong performance over the past month with a return of 17.67%, although it has a year-to-date return of -8.23%. The company benefits from high management efficiency, evidenced by a return on capital employed (ROCE) of 18.77%, and a low debt to EBITDA ratio of 0.91, indicating a strong ability to service its debt. However, the stock's recent performance has been impacted by a slight decline in profits over the past year, which fell by 3.3%.
In the broader market context, Granules India has outperformed the Sensex over the past week, with a return of 3.58% compared to the benchmark's 1.80%. This indicates that while the stock is currently facing a short-term decline, it has been gaining traction in the longer term, particularly over the last three years with a return of 71.95%. The high institutional holdings at 36.77% suggest that knowledgeable investors are backing the company, which may provide some stability despite the recent price drop. Overall, while the stock is experiencing a temporary setback, its strong fundamentals and recent performance trends indicate potential for recovery.