Why is Sanjiv.Parant. falling/rising?

As of 24-Jul, Sanjivani Paranteral Ltd's stock price is currently at Rs 233.20, reflecting a decline of Rs 9.8 or 4.03%. Today's price summary indicates that the stock has underperformed its sector by 4.38% and has experienced a trend reversal after two consecutive days of gains. The stock touched an intraday low of Rs 232.2, and trading volume has significantly decreased, with delivery volume dropping by 68.87% compared to the five-day average. Despite a strong performance over the past three years, with a return of 396.17%, the stock has seen a year-to-date decline of 38.95%. Positive factors include high management efficiency with a return on equity of 21.72%, healthy long-term growth in net sales and operating profit, and rising promoter confidence as they have increased their stake by 1.2%. However, the stock is considered expensive with a high valuation compared to its peers, which may contribute to the recent price decline.
In the broader market context, the stock has shown a short-term return of 4.22% over the past week, while the benchmark Sensex has remained nearly flat with a change of -0.09%. This indicates that, despite the recent drop, the stock had been performing relatively well compared to the market before this decline. However, the significant drop today, combined with falling investor participation and a high valuation, suggests that market sentiment may be shifting negatively towards Sanjivani Paranteral Ltd.