Why is Sarda Energy falling/rising?

As of 22-Aug, Sarda Energy & Minerals Ltd is experiencing a decline in its stock price, currently at Rs 597.10, which reflects a decrease of -1.45 or -0.24%. Despite this recent drop, the stock has shown strong performance over the past week with a return of +7.80% and an impressive +32.98% over the last month. However, it has been losing ground for the past two days, resulting in a total decline of -0.4%. The stock is trading above its moving averages, indicating a generally positive trend, but there has been a notable decrease in investor participation, with delivery volume falling by -39.97% compared to the five-day average. The company has also reported strong financial metrics, including a high return on capital employed (ROCE) of 18.64% and a low debt-to-EBITDA ratio of 1.06 times, which supports its ability to service debt effectively.
In the broader market context, Sarda Energy has significantly outperformed the Sensex, with a year-to-date return of +23.82% compared to the benchmark's +4.05%. This strong performance is further highlighted by the stock's remarkable growth over the past three years, where it has surged by +572.11%, while the Sensex has only increased by +38.34%. Despite the recent price drop, the company's consistent returns and positive financial results, including a net profit growth of 117.52%, suggest a solid long-term outlook. However, the recent decline in delivery volumes may indicate a temporary pullback in investor interest, which could be contributing to the current price movement.