Why is K P R Mill Ltd falling/rising?

As of 10-Jul, K P R Mill Ltd is experiencing a decline in its stock price, currently at 1,192.20, which reflects a decrease of 4.3 or 0.36%. The stock has been losing value for the last two days, resulting in a total drop of 1.46% during this period. Despite this recent downturn, K P R Mill Ltd has shown strong performance over the past week, with a return of 3.51%, and a notable increase of 36.82% over the past year. The stock is trading above its moving averages across various time frames, indicating a generally positive long-term trend. However, there has been a significant drop in investor participation, with delivery volume falling by 40.94% compared to the five-day average, which may contribute to the recent price decline. The company boasts strong fundamentals, including a high return on equity and low debt levels, but it also faces challenges such as a very expensive valuation and flat profit growth.
In the broader market context, K P R Mill Ltd's short-term performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.06% over the past week. While K P R Mill Ltd has outperformed the benchmark over longer periods, including a year-to-date return of 19.78% compared to the Sensex's 6.46%, the recent drop in stock price may reflect broader market sentiments or sector-specific issues. The high institutional holdings suggest confidence in the company's long-term prospects, yet the recent decline in trading volume and consecutive price falls may indicate a cautious approach from investors in the short term.