Why is Marico falling/rising?

As of 11-Sep, Marico Ltd. is currently priced at Rs 734.20, reflecting a decrease of 0.5 points or 0.07%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. It is currently 3.71% away from its 52-week high of Rs 761.45. In terms of performance, the stock has shown a mixed trend with a 1-week decline of 0.71%, while it has gained 3.75% over the past month and 14.55% year-to-date. Despite its recent decline, the stock has demonstrated strong fundamentals, including a high return on equity (ROE) of 37.29% and significant growth in net sales, which increased by 23.31% in the last quarter. However, it faces challenges with a relatively high price-to-earnings growth (PEG) ratio of 5.9, indicating that it may be overvalued compared to its earnings growth.
Broader market context shows that while Marico has generated a return of 7.76% over the past year, the broader market, represented by the BSE500, has seen a negative return of 2.29%. This suggests that Marico has outperformed the market despite its recent price drop. The stock's liquidity is adequate, with a significant increase in delivery volume, indicating rising investor participation. However, the stock's poor long-term growth prospects, with operating profit growth at an annual rate of only 8.25% over the last five years, may be contributing to investor caution. Overall, while Marico has strong management efficiency and institutional support, its high valuation and recent price movement reflect a complex interplay of positive fundamentals and market concerns.