Why is Pidilite Inds. falling/rising?

As of 28-Jul, Pidilite Industries Ltd is experiencing a decline in its stock price, currently at 2,871.15, which reflects a decrease of 7.45 points or 0.26%. The stock has been underperforming, having fallen consecutively for the last five days and recording a total return of -3.25% over the past week. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While the company shows high management efficiency with a return on equity (ROE) of 19.89% and a low debt-to-equity ratio, it faces challenges due to its expensive valuation indicated by a price-to-book value of 15, and a PEG ratio of 4. The stock's performance over the past year has been disappointing, with an -8.52% return, despite a 17.6% increase in profits, suggesting that the market may be reacting negatively to its valuation metrics.
In the broader market context, Pidilite Industries has underperformed the benchmark, with a 1-week return of -3.25% compared to the Sensex's decline of only -1.59%. This consistent underperformance against the benchmark over the last three years, coupled with flat results reported in March 2025, has likely contributed to investor sentiment leaning towards selling. Furthermore, despite high institutional holdings at 21.29%, which typically indicate confidence from more knowledgeable investors, the stock's recent trends and valuation concerns may be overshadowing these positive factors, leading to its current downward price movement.