Why is Paradeep Phosph. falling/rising?

As of 12-Aug, Paradeep Phosphates Ltd is experiencing a decline in its stock price, currently at Rs 210.80, which reflects a decrease of Rs 17.95 or 7.85%. Today's price summary indicates that the stock has underperformed its sector by 8.28% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 209.65, showcasing high volatility with an intraday fluctuation of 5.6%. Despite a strong long-term growth outlook, including a 60.19% increase in net profit and consistent positive results over the last four quarters, the stock's current performance is hindered by falling investor participation, as evidenced by a 3.64% drop in delivery volume compared to the five-day average.
In the broader market context, Paradeep Phosphates Ltd has underperformed the benchmark Sensex over the past week, with a decline of 7.01% compared to the Sensex's 0.59% drop. However, the stock has shown remarkable growth over the longer term, with a 90.00% increase year-to-date and a 137.36% rise over the past year, significantly outperforming the Sensex's 2.68% and 0.74% increases, respectively. While the company boasts high institutional holdings and a strong growth trajectory, its current valuation appears expensive, which may be contributing to the recent price decline amidst market volatility.