Why is Sarda Energy falling/rising?

As of 24-Sep, Sarda Energy & Minerals Ltd is experiencing a decline in its stock price, currently at 580.05, which reflects a decrease of 5.65 or 0.96%. The stock has underperformed its sector by 0.83% today and has fallen after three consecutive days of gains. Additionally, the stock's delivery volume has significantly decreased by 54.23% compared to the 5-day average, indicating a drop in investor participation. Despite this recent downturn, the stock has shown strong performance over the year, with a return of 30.94%, and has consistently outperformed the BSE500 over the last three years. The company has reported positive financial results, including a substantial growth in net profit and operating profit, which suggests strong management efficiency and a healthy ability to service debt.
In the broader market context, Sarda Energy's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.70% compared to the Sensex's -1.18%. While the stock has shown impressive long-term growth, evidenced by a year-to-date increase of 20.28% against the Sensex's 4.58%, the recent price drop may be attributed to its expensive valuation and declining investor interest. The stock's PEG ratio of 0.3 indicates that, despite its strong profit growth, it may be perceived as overvalued relative to its earnings growth potential, contributing to the current price decline.