Why is Himadri Special falling/rising?

As of 29-Jul, Himadri Speciality Chemical Ltd's stock price is currently at 486.30, reflecting an increase of 4.3 points or 0.89%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 0.47% and reached an intraday high of Rs 492.25. Despite a recent decline of 5.29% over the past week and a 3.69% drop over the past month, the stock has shown strong long-term growth, with a remarkable 498.15% increase over the last three years. The company has demonstrated a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.44 times, and has consistently reported positive results for the last 13 quarters, contributing to its recent price movement.
In the broader market context, Himadri's short-term performance has been less favorable compared to the benchmark, as it has declined more sharply than the Sensex, which fell by only 1.03% over the past week. However, the stock's long-term performance remains robust, with a 16.16% return over the past year, outperforming the Sensex's negligible change of -0.02%. Despite its strong operational metrics, including a high operating profit growth rate and consistent returns, the stock's valuation is considered expensive with a Price to Book Value of 6.4. This valuation concern, coupled with a PEG ratio of 1, may influence investor sentiment, contributing to the stock's recent fluctuations.