Why is J.G.Chemicals falling/rising?

As of 22-Jul, J.G.Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 499.65, which reflects a decrease of Rs 10.55 or 2.07%. Today's performance indicates that the stock has underperformed its sector by 1.82% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 499.4, and the weighted average price suggests that more volume was traded closer to this low. Over the past week, the stock has seen a slight decline of 0.86%, but it has performed well over the past month with a return of 26.81%. Despite the recent downturn, the company has shown strong financial performance with a significant increase in net sales and profits over the last six months, alongside a favorable valuation indicated by a low Price to Book Value ratio.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has decreased by only 0.47% over the same week. While J.G.Chemicals has generated an impressive annual return of 102.82%, significantly outperforming the market's 2.09% return over the same period, concerns about its long-term growth potential remain. The company's net sales growth has been modest at an annual rate of 4.00%, and the lack of domestic mutual fund investment may indicate hesitance regarding the stock's valuation or business prospects. This combination of strong short-term performance but potential long-term risks may contribute to the current downward pressure on the stock price.