Why is Paradeep Phosph. falling/rising?

As of 27-Jun, Paradeep Phosphates Ltd is experiencing a decline in its stock price, currently at Rs 157.80, which reflects a decrease of Rs 2.95 or 1.84%. The stock has underperformed its sector by 4.25% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.83%. Over the past week, the stock has decreased by 4.22%, while its performance over the past month shows a slight decline of 1.34%. Despite these short-term challenges, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 20.70% and a remarkable 90.60% return over the past year. However, the stock's current valuation appears expensive, which may be contributing to the recent price drop.
In the broader market context, the stock's recent performance stands in contrast to the Sensex, which has gained 2.00% over the past week and 3.07% over the past month. This underperformance against the benchmark indicates that investor sentiment may be shifting away from Paradeep Phosphates Ltd in the short term. Additionally, while there has been a notable increase in investor participation, as evidenced by a significant rise in delivery volume, the stock's liquidity remains adequate for trading. Overall, despite the company's strong fundamentals and positive long-term growth prospects, the current market dynamics and valuation concerns are likely influencing the stock's recent decline.