Why is Sh. Jagdamba Pol falling/rising?

As of 04-Aug, Shri Jagdamba Polymers Ltd is experiencing a decline in its stock price, currently at Rs 997.05, which reflects a decrease of Rs 22.95 or 2.25%. Today's performance indicates that the stock has underperformed its sector by 2.71%, with an intraday low of Rs 980, marking a drop of 3.92%. Over the past week, the stock has seen a return of -1.77%, while its performance over the last month shows a more significant decline of 12.08%. Despite these recent downturns, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 23.10% and consistent growth in operating profit, with net sales increasing by 29.70% over the last six months. However, concerns about long-term growth persist, as the operating profit has only grown at an annual rate of 10.94% over the past five years, and the stock is trading at a premium compared to its peers.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight increase of 0.16% over the past week. While the stock has outperformed the market over the past year with a return of 14.83% compared to the Sensex's 0.05%, the recent negative returns may reflect investor caution amid its high valuation metrics and the potential for slower growth. The stock's liquidity remains adequate, with a significant increase in delivery volume, suggesting that investor participation is rising despite the current price drop. Overall, while the company has strong management efficiency and positive financial results, the recent price decline may be attributed to concerns over its valuation and long-term growth prospects.