Why is Resonance Speci. falling/rising?

As of 17-Jul, Resonance Specialities Ltd is currently priced at 112.50, reflecting a decrease of 0.45, or 0.4%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.45%. In the past week, the stock has decreased by 3.18%, while over the last month, it has seen a decline of 2.26%. Despite these short-term setbacks, the company has shown strong performance over the longer term, with a year-to-date return of 15.86% and a one-year return of 11.72%, significantly outperforming the broader market. Positive factors include a low debt-to-equity ratio, impressive net profit growth of 356.72%, and strong quarterly results, which have contributed to a favorable perception of the stock. However, concerns about poor long-term growth, as indicated by modest annual growth rates in net sales and operating profit, along with an expensive valuation relative to its peers, may be contributing to the recent price decline.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has experienced a decline of only 1.12% over the past week. This suggests that while the stock has underperformed relative to the market, it has still generated a positive return over the longer term, outperforming the benchmark significantly in the past year. The rising investor participation, indicated by an increase in delivery volume, may provide some support for the stock, but the overall negative sentiment stemming from short-term performance and valuation concerns appears to be weighing on its price.