Why is Jubilant Ingrev. falling/rising?

As of 18-Jul, Jubilant Ingrevia Ltd is experiencing a slight decline in its stock price, currently at 831.05, which reflects a decrease of 0.95 or 0.11%. Despite this minor drop, the stock has shown strong performance over the past week and month, with returns of 3.60% and 15.82%, respectively. Today's price summary indicates that Jubilant Ingrevia is trading above its moving averages across multiple time frames, and there has been a significant increase in investor participation, with delivery volume rising by 173.01% compared to the 5-day average. The company has demonstrated strong financial health with a low Debt to EBITDA ratio and positive net profit growth, contributing to its market-beating performance of 47.38% over the past year, despite the broader market's negative returns.
In the broader market context, the stock's short-term performance has outpaced the benchmark, as the Sensex has declined by 0.90% over the past week. While Jubilant Ingrevia's recent results have been positive, indicating strong operational metrics and high institutional holdings, concerns about long-term growth persist due to declining net sales and operating profit over the last five years. The stock's valuation appears expensive relative to its returns, with a PEG ratio of 1.4, which may contribute to investor caution despite its recent successes.