Why is Sarda Energy falling/rising?

As of 26-Aug, Sarda Energy & Minerals Ltd is experiencing a decline in its stock price, currently at Rs 592.30, which reflects a decrease of Rs 2.2 or 0.37%. The stock has been losing value for the past four days, with a total drop of 1.2% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 36.04% increase over the past month and a remarkable 69.57% rise over the past year. However, the stock is currently 4.57% away from its 52-week high of Rs 619.35. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 48.23% compared to the five-day average, which may contribute to the recent price decline.
In the broader market context, Sarda Energy has outperformed the Sensex, which has decreased by 1.05% over the past week, while Sarda Energy's stock has increased by 0.26%. This indicates that the stock is maintaining relative strength compared to the benchmark. The company has demonstrated high management efficiency and strong financial health, with a low Debt to EBITDA ratio and impressive growth in net sales and profits. However, the stock is perceived as expensive based on its valuation metrics, which may deter some investors. Overall, while the stock has shown strong historical returns and positive financial results, the recent price drop can be attributed to short-term selling pressure and reduced trading activity.