Why is J.G.Chemicals falling/rising?

As of 23-Jul, J.G.Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 493.90, which reflects a decrease of 5.75 or 1.15%. The stock has underperformed its sector by 0.84% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.19%. Despite touching an intraday high of Rs 511.1 earlier in the day, the stock's performance over the past week shows a decrease of 1.50%, while its one-month return remains strong at 27.57%. The company has reported positive financial results over the last three quarters, with net sales growing by 26.45% and profit after tax increasing by 38.65%. However, concerns about long-term growth persist, as net sales have only grown at an annual rate of 4.00% over the last five years.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.11% over the past week. While J.G.Chemicals has outperformed the market significantly over the past year with a return of 105.92% compared to the BSE500's 1.79%, the current decline may be attributed to falling investor participation, as evidenced by a 36.77% drop in delivery volume. Additionally, the lack of domestic mutual fund investment could indicate a lack of confidence in the stock's valuation at its current price. Despite its attractive valuation metrics, the recent price movement suggests that investors may be cautious due to the company's slower long-term growth prospects.