Why is Pidilite Inds. falling/rising?

As of 25-Jul, Pidilite Industries Ltd is experiencing a decline in its stock price, currently at 2,878.60, which reflects a decrease of 28.15 points or 0.97%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total drop of 3% during this period. It is trading below its moving averages across various time frames, indicating a bearish sentiment. Additionally, the stock's performance over the past week and month shows declines of 2.71% and 4.08%, respectively, while it has underperformed the benchmark Sensex, which has only decreased by 0.36% and 1.56% in the same periods. The company's high management efficiency, indicated by a return on equity (ROE) of 19.89%, and low debt-to-equity ratio are positive factors; however, the stock's expensive valuation and consistent underperformance against benchmarks have contributed to its recent price decline.
In the broader market context, Pidilite Industries Ltd's short-term performance has been notably weaker than the Sensex, which suggests that investor sentiment may be shifting away from the stock. The stock's year-to-date return of -0.85% contrasts sharply with the Sensex's gain of 4.25%, further highlighting its underperformance. The significant drop in delivery volume, which fell by 64.26% against the five-day average, indicates a decrease in investor participation, adding to the downward pressure on the stock. Overall, while the company has shown some operational strengths, the combination of high valuation concerns, recent flat results, and a lack of investor confidence has led to the current decline in its stock price.