Why is Pearl Global Ind falling/rising?

As of 26-Jun, Pearl Global Industries Ltd is currently priced at 1,483.30, reflecting a decrease of 7.3 points or 0.49%. The stock has underperformed its sector by 1.41% today, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 5.86%, and it has significantly outperformed the benchmark Sensex over various periods, including a remarkable 98.25% return over the last year. However, there has been a notable decline in investor participation, with delivery volume dropping by 53.44% against the 5-day average, which may contribute to the stock's current price movement. The company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 15.87% and consistent growth in net sales and operating profit, which have been positive indicators for its performance.
In the broader market context, while Pearl Global Industries Ltd has shown impressive returns over the long term, its year-to-date performance of 0.04% is significantly lower than the Sensex's 7.19%. This underperformance in the short term may be attributed to the stock's high valuation metrics, such as a very expensive ROCE of 24.1 and a PEG ratio of 0.9, which could deter some investors. Additionally, while institutional investors have increased their stake, suggesting confidence in the company's fundamentals, the recent drop in delivery volume indicates a potential shift in market sentiment that could be impacting the stock's price negatively.