Why is Marico falling/rising?

As of N/A, Marico Ltd. is currently priced at 734.55, experiencing a decline of 11.2 points, which represents a 1.5% decrease. Unfortunately, today's price summary data is not available. However, the stock has shown positive performance in the past week and month, with returns of 1.99% and 3.40%, respectively. Over the last year, Marico has outperformed the market with a return of 14.61%, while the benchmark has seen a decline of 2.41%. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 37.29% and a low debt-to-equity ratio. Positive quarterly results, including a record return on capital employed (ROCE) of 47.89% and significant growth in net sales, further support its strong fundamentals. However, concerns about long-term growth persist, as operating profit has only grown at an annual rate of 8.25% over the last five years, and the stock is considered expensive with a high price-to-book value ratio.
In the broader market context, Marico's short-term performance has been favorable compared to the benchmark, as it has generated positive returns while the Sensex has declined. The stock's ability to deliver a 14.61% return over the past year, despite the overall negative performance of the market, indicates strong resilience. High institutional holdings at 36.33% suggest confidence from knowledgeable investors, which could provide stability. However, the stock's premium valuation and a high PEG ratio of 5.9 raise caution among potential investors, as it may limit future growth potential and lead to price corrections.