Why is Paradeep Phosph. falling/rising?

As of 28-Aug, Paradeep Phosphates Ltd is currently priced at Rs 221.90, reflecting a decrease of Rs 4.05 or 1.79%. The stock has experienced a trend reversal, falling after six consecutive days of gains. Despite this decline, it has outperformed its sector by 1.16% today. The stock has shown strong performance over the past month, with a return of 11.40%, and an impressive year-to-date increase of 100.00%. Positive factors contributing to the stock's performance include a healthy long-term growth rate in operating profit of 28.22%, a net profit growth of 60.19%, and consistent positive results over the last four quarters. However, the stock is considered expensive with a high valuation, which may be influencing the current price drop.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 2.34% over the past week. While Paradeep Phosphates has shown resilience with a 1.19% increase over the same period, the overall sector of fertilizers has fallen by 2.71%. This indicates that while the company has strong fundamentals and institutional backing, external market pressures and sector-specific declines may be contributing to the current price decrease.