Why is Pearl Global Ind falling/rising?

As of 07-Jul, Pearl Global Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,542.40, which reflects a decrease of Rs 27.6 or 1.76%. Today's performance indicates that the stock has underperformed its sector by 1.1%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 1,534.05, showing a drop of 2.29%. Despite this decline, the stock has demonstrated strong performance over the past week, with a return of 3.16%, and an impressive 105.34% return over the past year. Positive factors contributing to the stock's overall strength include high management efficiency, a significant growth rate in operating profit, and increasing participation from institutional investors, which collectively support a healthy long-term growth outlook. However, the stock's valuation appears expensive, with a high enterprise value to capital employed ratio, which may be causing some investor caution.
In the broader market context, while Pearl Global Industries has shown a robust 10.38% return over the past month, the benchmark Sensex has only increased by 1.53% during the same period. This indicates that the stock has been outperforming the market in the short term, despite its current decline. The overall market sentiment may be influenced by the stock's recent price movement and the perception of its valuation, which could lead to fluctuations in investor confidence.