Why is Jubilant Ingrev. falling/rising?

As of 21-Jul, Jubilant Ingrevia Ltd is currently priced at 829.00, reflecting a decrease of 2.05, or 0.25%. The stock has been experiencing a decline, having fallen for the last two days with a total return of -0.36% during this period. Despite this recent downturn, the stock has shown strong performance over the past week and month, with returns of +2.61% and +18.02%, respectively. Key factors contributing to its recent movement include a strong ability to service debt, as indicated by a low Debt to EBITDA ratio of 0.91 times, and impressive growth in net profit of 6.7%. However, concerns about poor long-term growth, evidenced by negative annual growth rates in net sales and operating profit over the last five years, may be weighing on investor sentiment.
In the broader market context, Jubilant Ingrevia's short-term performance has outpaced the benchmark, with a 1-week return of +2.61% compared to the Sensex's slight decline of -0.06%. This indicates that while the stock has been performing well relative to the market, the recent drop in price may be attributed to falling investor participation, as evidenced by a significant decrease in delivery volume. Additionally, despite high institutional holdings that suggest confidence in the company's fundamentals, the stock's expensive valuation and a PEG ratio of 1.4 may be causing caution among investors, impacting its price movement negatively.