Why is Krishana Phosch. falling/rising?

As of 04-Jul, Krishana Phoschem Ltd's stock price is currently at 446.90, reflecting a decrease of 40.8 points or 8.37%. The stock has underperformed its sector today by 7.79%, and its delivery volume has fallen by 13.04% compared to the 5-day average, indicating a decline in investor participation. Despite a strong long-term performance with a year-to-date increase of 123.07% and a 52.63% rise over the past year, the stock's recent price movement suggests a negative sentiment. The company has shown healthy growth in net sales and operating profit, and promoters have increased their stake, signaling confidence in the business. However, the stock is considered very expensive based on its valuation metrics, which may be contributing to the current decline.
In the broader market context, the stock's performance over the past week has been notably poor, with a decline of 12.60%, while the benchmark Sensex has only decreased by 0.69%. This stark contrast highlights the stock's recent struggles despite its strong long-term returns. The company's ability to generate significant profits and positive results over the last four quarters has not translated into short-term investor confidence, as evidenced by the current price drop. Overall, while Krishana Phoschem Ltd has demonstrated impressive growth metrics, the recent price decline appears to be influenced by high valuation concerns and reduced trading activity.