Why is Khaitan Chemical falling/rising?

As of 10-Jul, Khaitan Chemicals & Fertilizers Ltd is currently priced at 95.02, reflecting a decrease of 0.11 (-0.12%). The stock has been on a downward trend, experiencing a consecutive fall over the last five days, resulting in a total decline of 7.86% during this period. Despite this recent downturn, the company has shown strong performance in the longer term, with a 14.41% increase over the past month and a remarkable 32.65% rise year-to-date. The stock has outperformed its sector by 0.28% today, but the falling investor participation, indicated by a significant drop in delivery volume, suggests a lack of confidence among investors. Additionally, while the company has reported impressive growth in net sales and profits, concerns about poor long-term growth and high valuation metrics may be contributing to the stock's recent decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 7.86% drop compared to a minimal decline of 0.06% in the Sensex over the same week. Although Khaitan Chemicals has outperformed the market over the past year, generating a return of 19.97% against the BSE500's 1.46%, the recent negative sentiment and declining investor interest could be overshadowing its positive financial results. The disparity between the stock's strong historical returns and the current market perception, particularly among domestic mutual funds, indicates potential caution regarding its future growth prospects.