Why is Nitta Gelatin falling/rising?

As of 17-Sep, Nitta Gelatin India Ltd is currently priced at 925.40, reflecting a decrease of 11.2 points or 1.2%. The stock has been underperforming its sector, with a decline of 2.19% today and has experienced consecutive losses over the last two days, totaling a drop of 2.15%. Despite this recent downturn, the stock has shown strong performance over longer periods, with a 10.66% increase over the past month and a remarkable 91.51% rise over the last three years. The company maintains a low Debt to EBITDA ratio of 0.62, indicating a strong ability to service its debt, and has a return on equity (ROE) of 18.1, suggesting fair valuation. However, the stock is trading at a premium compared to its peers, which may contribute to the recent price decline.
In the broader market context, Nitta Gelatin's short-term performance has outpaced the benchmark Sensex, which has only gained 1.56% over the past week. The stock's liquidity remains healthy, with a delivery volume increase of 13.45% compared to the five-day average, indicating rising investor participation. While the stock has generated a return of 14.69% over the past year, its profits have only increased by 0.7%, leading to a high PEG ratio of 11.1, which may raise concerns among investors. Overall, while the stock has shown strong long-term performance, the recent price drop could be attributed to short-term volatility and concerns regarding its valuation relative to earnings growth.