Why is Khaitan Chemical falling/rising?

As of 08-Jul, Khaitan Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at 97.07, which reflects a decrease of 1.98 or 2.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.88%. Today's trading opened with a loss of 2%, and the stock has not moved from this price point throughout the day. Despite a strong performance over the past year with an 18.05% return, significantly outpacing the market, the stock's recent movement is influenced by a substantial drop in investor participation, with delivery volume decreasing by 94.75% compared to the five-day average. Additionally, while the company has reported impressive growth in net sales and profits, concerns about poor long-term growth and high valuation metrics, such as a negative return on capital employed (ROCE) and a high PEG ratio, may be weighing on investor sentiment.
In the broader market context, the stock's short-term performance has been notably better than the benchmark, with a 3.76% increase over the past week compared to a mere 0.02% rise in the Sensex. However, the recent decline in the stock price contrasts with its strong year-to-date performance of 35.52%, indicating that while the stock has shown resilience over a longer period, current market dynamics and investor behavior are leading to a downward trend. The lack of confidence from domestic mutual funds, which hold only 0.02% of the company, further suggests that there may be underlying concerns about the stock's valuation and future growth potential, contributing to its current price decline.