Why is Lords Chloro falling/rising?

As of 23-Jul, Lords Chloro Alkali Ltd's stock price is currently at 223.95, reflecting a decrease of 7.65 (-3.3%). The stock recently reached a new 52-week high of Rs 245.25 but has since fallen after seven consecutive days of gains. The stock has shown significant performance over the past year, generating an 84.78% return, which is substantially higher than the market average. However, it has underperformed its sector today by 2.99%. The stock has also exhibited high volatility, trading within a wide range of Rs 28.15 today, with a weighted average price indicating more volume traded closer to the low price. While the company has reported outstanding financial results, including a 435.9% increase in net profit and a healthy operating profit growth rate, its high valuation and low domestic mutual fund ownership may raise concerns among investors.
In the broader market context, Lords Chloro's short-term performance over the past week has significantly outpaced the benchmark Sensex, which only increased by 0.11% during the same period, while Lords Chloro rose by 28.71%. Despite this strong short-term performance, the recent decline in stock price could be attributed to profit-taking after a substantial rally and concerns regarding its high valuation relative to peers. The stock's high price-to-book value and the minimal stake held by domestic mutual funds may indicate a lack of confidence at current price levels, which could be contributing to the recent downward movement.