Why is Manorama Indust. falling/rising?

As of 01-Aug, Manorama Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,488.00, reflecting a decrease of Rs 23.7 or 1.57%. The stock has been underperforming, having lost 11.43% over the last four days, and today it underperformed its sector by 0.35%. The stock touched an intraday low of Rs 1,475.1, indicating a significant drop, and the delivery volume has decreased by 59.35% compared to the five-day average, suggesting falling investor participation. Despite a strong long-term growth outlook, with net sales and operating profit showing impressive annual growth rates, the stock's recent performance is negatively impacted by its high valuation metrics and a decline in trading activity.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.22% compared to the Sensex's -1.06%. While Manorama Industries has shown remarkable long-term returns, including a 112.74% increase over the past year, the recent downturn highlights a disconnect between its strong fundamentals and current market sentiment. The stock's high valuation, indicated by a ROCE of 19.9 and a PEG ratio of 0.2, may be contributing to investor caution, especially in light of the recent consecutive declines.