Why is Himadri Special falling/rising?

As of 03-September, Himadri Speciality Chemical Ltd's stock price is currently at 464.30, reflecting an increase of 1.5 or 0.32%. The stock has shown a positive trend recently, gaining 3.47% over the last three days, although it underperformed its sector by 1.04% today. The stock's performance over the past week indicates a return of +2.09%, while it has experienced a modest increase of +0.32% over the past month. Despite a year-to-date decline of -20.63%, the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 1.44 times and a healthy annual operating profit growth rate of 49.78%. Additionally, the company has reported positive results for the last 13 consecutive quarters, which may contribute to investor confidence.
In the broader market context, Himadri's recent short-term performance contrasts with the Sensex, which has seen a slight decline of -0.27% over the past week. While the stock has been gaining, it still faces challenges with a year-to-date performance significantly lower than the benchmark. The stock's valuation appears expensive with a Price to Book Value of 6.2, despite a PEG ratio of 1, indicating that while profits have risen, the stock price has not reflected this growth adequately. This discrepancy may lead to cautious investor sentiment, despite the company's strong operational metrics and rising investor participation.