Why is India Glycols falling/rising?

As of 04-Sep, India Glycols Ltd's stock price is currently at Rs 849.50, reflecting a decrease of Rs 8.7 or 1.01%. The stock has experienced a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs 838.65, indicating a decline of 2.28%. Despite this drop, the stock has shown strong performance over the longer term, with a year-to-date return of 31.40% and a one-year return of 26.89%, significantly outperforming the broader market, which has generated negative returns. However, there has been a decline in investor participation, with delivery volume falling by 14.97% against the five-day average, which may contribute to the current price movement. Additionally, while institutional investors have increased their stake, the company faces challenges with long-term fundamental strength, as indicated by a relatively low average Return on Capital Employed (ROCE) of 8.39%.
In the broader market context, the stock's short-term performance over the past week shows a gain of 4.20%, compared to a modest increase of 0.80% in the Sensex. This suggests that while India Glycols has been performing well in the short term relative to the benchmark, the recent decline may be influenced by profit-taking after a period of gains and concerns regarding its long-term growth potential. The stock's valuation appears expensive based on its ROCE and Debt to EBITDA ratio, which could be causing some investors to reassess their positions. Overall, while the stock has demonstrated strong historical performance, current market dynamics and fundamental concerns are contributing to its recent price decline.