Why is India Glycols falling/rising?

As of 25-Jul, India Glycols Ltd is experiencing a decline in its stock price, currently at 1,739.05, reflecting a decrease of 11.45 points or 0.65%. The stock has been on a downward trend, losing value for the last eight consecutive days and showing a significant drop of 15.06% during this period. Despite outperforming its sector by 0.65% today, the stock's performance over the past week and month has been poor, with returns of -9.19% and -13.48%, respectively. Additionally, the stock has seen a decrease in investor participation, with delivery volume falling by 47.4% against the five-day average. While there are positive indicators such as strong institutional investor interest and solid performance metrics like a high ROCE and PBDIT, the overall long-term fundamentals appear weak, with a low growth rate in net sales and a high debt-to-EBITDA ratio.
In the broader market context, India Glycols' short-term performance has significantly underperformed compared to the benchmark Sensex, which has only declined by 0.36% over the same one-week period. Despite a strong year-to-date return of 34.50% and a one-year return of 47.83%, the recent negative trends in stock price and investor participation suggest a cautious sentiment among investors. The company's high valuation relative to its earnings growth, as indicated by its PEG ratio, further complicates its outlook, leading to a perception of it being an expensive investment despite its historical performance.