Why is Paradeep Phosph. falling/rising?

As of 07-Aug, Paradeep Phosphates Ltd is experiencing a decline in its stock price, currently at Rs 223.95, which reflects a decrease of Rs 7.5 or 3.24%. The stock has shown a strong performance over the past week and month, with returns of 3.99% and 40.89%, respectively. However, today's performance indicates a slight underperformance against its sector, with a drop of 0.98%. The stock touched an intraday low of Rs 221.85, and despite trading above its moving averages, the recent decline in delivery volume by 64.67% against the 5-day average suggests a decrease in investor participation. The company has demonstrated robust long-term growth, with a net profit increase of 60.19% and consistent positive results over the last four quarters, which supports its strong buy potential.
In the broader market context, while Paradeep Phosphates has outperformed the Sensex with significant returns over various periods, the fertilizer sector as a whole has faced a decline of 2.27%. The stock's recent performance contrasts with the benchmark, which has seen a slight decrease of 0.69% over the past week. Despite the stock's impressive long-term growth and high institutional holdings, its current valuation is considered expensive, which may be contributing to the recent price drop. The combination of sector-wide challenges and reduced trading volume may be influencing investor sentiment negatively, leading to the stock's current downward movement.