Why is Khaitan Chemical falling/rising?

As of 17-Jul, Khaitan Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 101.51, reflecting a decrease of Rs 1.32 or 1.28%. The stock has recently underperformed its sector by 0.86% and has fallen after four consecutive days of gains. Despite this recent downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Over the past week, the stock has increased by 6.83%, and it has shown impressive returns of 21.93% over the past month and 41.71% year-to-date. However, the delivery volume has significantly decreased, falling by 55.11% compared to the 5-day average, which may indicate declining investor participation. While the company has reported strong growth in net sales and profits in recent quarters, concerns about long-term growth and low domestic mutual fund holdings may be contributing to the stock's current price movement.
In the broader market context, Khaitan Chemicals has outperformed the benchmark Sensex over the past year, generating a return of 29.73% compared to the Sensex's 1.91%. However, the stock's recent performance contrasts with the benchmark's slight decline of 1.12% over the past week. The company's operating profit has seen a negative annual growth rate of 19.76% over the last five years, raising concerns about its long-term viability despite recent positive quarterly results. The high PEG ratio of 6.9 suggests that the stock may be overvalued relative to its earnings growth, which could deter potential investors. Overall, while the stock has shown strong short-term performance, the combination of declining investor interest and concerns about long-term growth prospects may be influencing its current price decline.