Why is Pearl Global Ind falling/rising?

As of 11-Jul, Pearl Global Industries Ltd is experiencing a decline in its stock price, currently at 1,517.10, which reflects a decrease of 7.9 points or 0.52%. Today's price summary indicates that the stock has outperformed its sector by 1%, but it has also shown a trend reversal, falling after two consecutive days of gains. The stock's performance over the past week is down by 3.37%, while it has seen a significant increase of 107.61% over the past year. Despite a healthy long-term growth outlook, with a high return on capital employed (ROCE) of 15.87% and a notable increase in net sales, the recent drop in delivery volume by 59.24% against the 5-day average suggests a decrease in investor participation, which may be contributing to the current price decline.
In the broader market context, the stock's short-term performance has been weaker than the benchmark, with the Sensex declining only 1.12% over the same week. While the stock has shown strong returns over the past year and three years, outperforming the BSE500 consistently, the recent fall in price may be influenced by its high valuation metrics, such as a PEG ratio of 0.9, indicating that it may be considered expensive relative to its earnings growth. Additionally, the liquidity of the stock remains adequate for trading, but the significant drop in delivery volume could signal caution among investors, impacting the stock's price negatively in the short term.