Why is Paradeep Phosph. falling/rising?

As of 26-Jun, Paradeep Phosphates Ltd is experiencing a decline in its stock price, currently at Rs 160.75, which reflects a decrease of Rs 5.05 or 3.05%. The stock has fallen after two consecutive days of gains, touching an intraday low of Rs 159.7. Despite a strong long-term performance, with a year-to-date increase of 44.89% and a remarkable 89.92% rise over the past year, the stock's recent movement is influenced by a broader decline in the fertilizers sector, which has decreased by 3.26%. Additionally, while the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, indicating a potential trend reversal. The company has shown healthy growth in net sales and operating profit, but the current valuation appears expensive, which may be contributing to the stock's downward pressure.
In the broader market context, Paradeep Phosphates Ltd's short-term performance has lagged behind the benchmark, with a 1-week return of -2.10% compared to the Sensex's gain of 2.94%. This underperformance may be affecting investor sentiment, despite the stock's strong long-term track record and high institutional holdings, which increased by 0.68% over the previous quarter. The rising investor participation, indicated by a significant increase in delivery volume, suggests that there is still interest in the stock, but the recent price decline may reflect caution among investors in light of the sector's overall downturn.