Why is Himadri Special falling/rising?

As of 31-Jul, Himadri Speciality Chemical Ltd is experiencing a decline in its stock price, currently at 472.75, which reflects a decrease of 5.55 points or 1.16%. The stock has been on a downward trend, having fallen for the last two consecutive days, with a total drop of 2.79% in this period. It opened the day with a loss of 3.53% and reached an intraday low of Rs 461.4. Additionally, the stock's performance over the past week shows a decline of 7.61%, while its year-to-date performance is down by 19.18%. Despite the company’s strong fundamentals, including a low Debt to EBITDA ratio and consistent positive results over the last 13 quarters, the stock is facing pressure due to a very expensive valuation indicated by a high Price to Book Value ratio and a PEG ratio of 1. In the broader market context, Himadri Speciality Chemical's recent performance contrasts with the benchmark Sensex, which has only declined by 1.22% over the past week. The stock's significant underperformance relative to the benchmark indicates a lack of investor confidence, as evidenced by a 37.25% drop in delivery volume compared to the five-day average. While the company has demonstrated healthy long-term growth and consistent returns over the past three years, the current market sentiment appears to be weighing heavily on the stock, leading to its recent price decline.