Why is Himadri Special falling/rising?

As of 30-Jul, Himadri Speciality Chemical Ltd is experiencing a decline in its stock price, currently at 478.30, which reflects a decrease of 8.0 points or 1.65%. The stock has underperformed its sector by 2.69% today, and its delivery volume has fallen by 7.23% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has declined by 7.09%, and it has also shown a significant year-to-date drop of 18.23%, despite generating a positive return of 10.97% over the last year. The company's strong financial metrics, including a low Debt to EBITDA ratio and consistent operating profit growth, suggest a healthy long-term outlook; however, its high valuation and a PEG ratio of 1 indicate potential overvaluation concerns that may be influencing the stock's current price movement.
In the broader market context, Himadri's recent performance contrasts with the Sensex, which has only declined by 1.50% over the past week. This underperformance relative to the benchmark highlights the stock's struggles in the short term, despite its impressive long-term returns of 488.31% over the past three years. The stock's current challenges, including its expensive valuation and declining investor interest, may be contributing to its recent price drop, even as it maintains a strong operational performance and consistent returns over the last several years.