Why is Navin Fluo.Intl. falling/rising?

As of 31-Jul, Navin Fluorine International Ltd's stock price is currently at 5,042.65, reflecting a decrease of 151.8 points or 2.92%. The stock has recently underperformed its sector by 1.86% and has experienced a trend reversal after three consecutive days of gains. Today, it reached a new 52-week high of Rs 5,442.25 but also touched an intraday low of Rs 5,012.05. Over the past week, the stock has declined by 0.62%, while it has shown a positive return of 3.30% over the past month. Despite strong financial performance, including a 128.85% growth in net profit and consistent positive results over the last three quarters, the stock's valuation appears expensive with a high enterprise value to capital employed ratio, which may be contributing to the recent price decline.
In the broader market context, the stock has outperformed the benchmark Sensex over the past year, generating a return of 32.62% compared to the Sensex's decline of 0.68%. However, the stock's recent performance has been less favorable in the short term, as it has underperformed the market in the last week and month. The overall market has faced negative returns, with the BSE500 down by 3.20% in the last year, which contrasts with Navin Fluorine's strong year-to-date performance of 55.32%. The combination of high valuation concerns and recent underperformance relative to the sector may be influencing investor sentiment and contributing to the stock's current decline.