Why is Paradeep Phosph. falling/rising?

As of 04-Sep, Paradeep Phosphates Ltd is experiencing a decline in its stock price, currently at Rs 207.35, which reflects a decrease of Rs 3.65 or 1.73%. The stock has underperformed its sector by 0.47% today and has been on a consecutive decline for the last three days, resulting in a total drop of 9.1% during this period. Despite a strong long-term growth outlook, with an annual operating profit growth rate of 28.22% and a net profit increase of 60.19%, the stock's recent performance has been negatively impacted by falling investor participation, as evidenced by a 25.38% decrease in delivery volume compared to the five-day average. Additionally, while the stock has shown impressive returns over the past year and three years, its recent price movement suggests a disconnect between its strong fundamentals and current market sentiment.
In the broader market context, Paradeep Phosphates Ltd's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -6.56% compared to a positive return of 0.80% for the Sensex. This underperformance in the short term, coupled with a high valuation indicated by a 2.8 enterprise value to capital employed ratio, may be contributing to investor caution. Although the company has demonstrated robust long-term growth and high institutional holdings, the recent price decline reflects market concerns regarding its valuation and investor sentiment, which has shifted negatively in the short term.