Why is Sarda Energy falling/rising?

As of 28-Aug, Sarda Energy & Minerals Ltd is experiencing a decline in its stock price, currently at 585.90, reflecting a decrease of 6.4 points or 1.08%. The stock has underperformed its sector by 0.29% today and has been on a consecutive downward trend for the last five days, resulting in a total decline of 2.27% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 35.80% increase over the past month and an impressive 68.39% rise over the past year. The company has demonstrated high management efficiency and strong financial health, with a low Debt to EBITDA ratio and significant growth in net sales and profits, which could support a positive outlook despite the current price drop.
In the broader market context, Sarda Energy's recent performance contrasts with the benchmark Sensex, which has declined by 2.34% over the past week, indicating that the stock has slightly outperformed the market in the short term. However, the stock's recent price movement may be influenced by falling investor participation, as evidenced by a significant drop in delivery volume. While the stock remains liquid and has consistently generated returns over the past three years, its current valuation appears expensive relative to its historical averages, which may be causing some investor hesitation. Overall, while the company has strong fundamentals, the recent price decline reflects a combination of short-term market pressures and reduced trading activity.