Why is Pearl Global Ind falling/rising?

As of 18-Jul, Pearl Global Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,566.00, which reflects a decrease of Rs 61.0 or 3.75%. Today's price summary indicates that the stock underperformed its sector by 2.91%, reaching an intraday low of Rs 1,562.05. Despite this decline, the stock has shown positive performance over the past week, month, and year, with returns of 3.22%, 8.00%, and 91.68% respectively. The company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 15.87% and significant growth in operating profit and net sales. However, the stock's valuation appears expensive, with a high enterprise value to capital employed ratio, which may be contributing to the current price drop.
In the broader market context, while Pearl Global Industries has outperformed the Sensex over various periods, including a year-to-date return of 5.62% compared to the Sensex's 4.63%, the stock's recent performance today contrasts with this trend. The stock's decline today may be influenced by market dynamics, as it has traded lower than its moving averages and faced increased selling pressure despite rising investor participation. Institutional investors have increased their stake, indicating confidence in the company's long-term prospects, but the current price movement suggests that short-term market reactions are weighing on the stock.