Why is Grauer & Weil falling/rising?

As of 14-Jul, Grauer & Weil (India) Ltd is experiencing a decline in its stock price, currently at Rs 104.65, which reflects a decrease of Rs 1.05 or 0.99%. The stock has underperformed its sector by 0.38% today and has seen a trend reversal after two consecutive days of gains. Despite this recent drop, the stock has shown strong performance over the past month, with a return of 24.55%, and has consistently outperformed the BSE500 over the last three years, generating a remarkable 260.24% return. However, the company has faced challenges, including a decline in PAT and operating profit in the latest quarter, which may contribute to investor concerns about its long-term growth potential.
Broader market context indicates that while Grauer & Weil's recent performance has been strong, the stock's current decline comes amid a broader market downturn, with the Sensex down 1.42% over the past week. The stock's liquidity remains adequate, but the low stake held by domestic mutual funds suggests a lack of confidence in its valuation, which is considered expensive relative to its peers. Overall, while the stock has shown impressive returns historically, the recent negative financial results and high valuation metrics may be influencing its current price movement.