Why is Paradeep Phosph. falling/rising?

As of 30-Jun, Paradeep Phosphates Ltd's stock price is currently at Rs 160.00, reflecting an increase of Rs 2.2 or 1.39%. Today's price summary indicates that the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 162.8, which is a 3.17% increase. Despite this upward movement, the stock underperformed its sector by 0.76%. Over the past week, the stock has decreased by 2.35%, and over the last month, it has fallen by 7.75%. However, it has shown strong long-term growth, with a year-to-date return of 44.21% and a remarkable 91.69% increase over the past year. The company has demonstrated healthy growth in net sales and operating profit, and it has consistently delivered positive results over the last three quarters, which has contributed to investor confidence.
In the broader market context, while Paradeep Phosphates Ltd has outperformed the BSE 500 index over the long term, it has lagged behind in the short term, as indicated by its recent performance compared to the Sensex, which has gained 2.09% over the past week. The fertilizer sector has seen a gain of 2.12%, suggesting a favorable environment for the industry. Despite the stock's recent underperformance relative to its sector, rising investor participation and high institutional holdings indicate a strong belief in the company's fundamentals. However, the stock's expensive valuation and the significant rise in profits compared to its stock price may pose risks, as reflected in its PEG ratio of 0.1, suggesting that while the stock has potential, it may also be overvalued at current levels.