Why is Paradeep Phosph. falling/rising?

As of 14-Aug, Paradeep Phosphates Ltd is experiencing a decline in its stock price, currently at Rs 200.30, which reflects a decrease of Rs 7.4 or 3.56%. The stock has underperformed its sector by 4.21% today and has been on a downward trend for the last three days, accumulating a total loss of 12.44% during this period. Despite this short-term decline, the stock has shown impressive long-term performance, with a 138.71% increase over the past year and a 303.02% rise over the last three years. The company has reported strong financial results, including a 60.19% growth in net profit and a 56.88% increase in net sales over the last six months, which supports its long-term growth narrative. However, the stock's current valuation appears expensive, with a high enterprise value to capital employed ratio, which may be contributing to the recent price decline.
In the broader market context, Paradeep Phosphates Ltd's recent performance contrasts sharply with the Sensex, which has remained relatively flat with a change of -0.03% over the past week. While the stock has shown significant gains over the long term, its recent underperformance in the short term, coupled with a decline in price, indicates that investors may be reacting to the stock's high valuation and recent price movements. The rising investor participation, evidenced by an increase in delivery volume, suggests that there is still interest in the stock, but the immediate market sentiment appears cautious, leading to the current price drop.