Why is Gravita India falling/rising?

As of 01-Jul, Gravita India Ltd's stock price is currently at 1,846.45, reflecting a decline of 34.45 points or 1.83%. The stock has recently underperformed its sector by 1.81% and has experienced a trend reversal, falling after seven consecutive days of gains. In terms of returns, the stock has shown a 6.50% increase over the past week, but it has a year-to-date decline of 15.75%, despite a strong annual performance of 25.17%. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 20.88%, and its ability to service debt with a low Debt to EBITDA ratio of 1.36 times, suggest solid fundamentals. However, the stock's expensive valuation, with a price-to-book value of 6.6, and a PEG ratio of 2, may be contributing to investor caution, especially as profits have risen at a slower rate than stock price appreciation.
Broader market context indicates that while Gravita India has outperformed the benchmark BSE500 over the past year, its recent performance has been less favorable compared to the Sensex, which has gained 2.00% over the past week and 7.11% year-to-date. The stock's delivery volume has also decreased significantly, falling by 34.78% against the five-day average, indicating a drop in investor participation. This decline in trading activity, combined with the stock's recent price drop, may reflect broader market sentiments and investor concerns regarding valuation, despite the company's strong operational metrics and consistent returns over the last three years.