Why is Sarla Performanc falling/rising?

As of 07-Jul, Sarla Performance Fibers Ltd is currently priced at Rs 116.10, reflecting a decrease of Rs 2.9 or 2.44%. The stock has experienced a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs 116, indicating a decline of 2.52% for the day. Despite this drop, the stock has shown strong performance over the longer term, with a 1-year return of 11.21% and a remarkable 147.28% increase over the past three years. The company maintains a low Debt to EBITDA ratio of 1.15, suggesting a strong ability to service its debt, and its profits have significantly risen by 89.5% over the past year, contributing to its fair valuation compared to peers.
In the broader market context, Sarla Performance Fibers has outperformed the benchmark Sensex in the long term, generating a return of 2.74% over the past week while the Sensex declined by 0.20%. However, the stock underperformed its sector today by 1.78%, which may have contributed to the current price decline. Despite the short-term drop, the stock remains liquid and has seen a significant increase in investor participation, with delivery volume rising by 420.25% against the 5-day average. This suggests that while the stock is facing a temporary setback, its long-term performance and investor interest remain strong.