Why is Pearl Global Ind falling/rising?

As of 31-Jul, Pearl Global Industries Ltd is experiencing a decline in its stock price, currently at 1,516.90, reflecting a decrease of 123.1 points or 7.51%. Today's price summary indicates that the stock underperformed its sector by 5.16%, opening with a loss of 5.18% and reaching an intraday low of Rs 1,462.55, which is a significant drop of 10.82%. Over the past week, the stock has fallen by 1.63%, and in the last month, it has decreased by 2.53%. Despite a strong performance over the past year with a return of 49.24%, the recent volatility and negative price movement suggest a shift in investor sentiment. While the company has shown high management efficiency and consistent returns, the stock's current valuation appears expensive, which may be contributing to the recent decline.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with the Sensex declining by 1.22% over the same week. The textile sector, in which Pearl Global operates, has also seen a downturn of 2.44%. Although institutional investor participation has increased, indicating confidence in the company's long-term growth potential, the recent price drop and high volatility may be causing caution among investors. The stock's performance, despite its strong historical returns and positive financial metrics, is currently overshadowed by its recent price movements and market conditions.