Why is Sh. Jagdamba Pol falling/rising?

As of 11-Jun, Shri Jagdamba Polymers Ltd is experiencing a decline in its stock price, currently at Rs 1,092.25, which represents a decrease of Rs 27.75 or 2.48%. The stock has underperformed its sector by 2.9% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.19% during this period. Additionally, the stock touched an intraday low of Rs 1,080, reflecting a drop of 3.57%. Despite a strong performance over the past year, with a return of 73.04%, the stock's recent movement is impacted by falling investor participation, as evidenced by a significant drop in delivery volume by 76.8% compared to the 5-day average. While the company has shown strong management efficiency and positive financial results, including a high return on capital employed and consistent profit growth, concerns about its long-term growth potential and high valuation compared to peers may be contributing to the current price decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -7.98% compared to the Sensex's gain of 1.87%. This underperformance highlights a divergence between the stock and the overall market sentiment. Although the company has demonstrated strong growth metrics and has consistently delivered positive results, the recent price movement suggests that investors may be cautious due to the stock's high valuation and the slower growth rate in operating profit over the long term. This combination of factors is likely influencing the stock's current downward trajectory amidst a generally positive market environment.