Why is Shaily Engineer. falling/rising?

As of 30-Jul, Shaily Engineering Plastics Ltd is experiencing a decline in its stock price, currently at Rs 1,619.90, down by Rs 37.7 or 2.27%. Today's trading saw the stock reach an intraday high of Rs 1,709.85 but also dip to a low of Rs 1,593.05, indicating volatility. The stock has underperformed its sector by 2.65% today, and over the past week, it has decreased by 0.92%. Despite a strong year-to-date return of 10.96% and a remarkable 93.86% increase over the past year, the recent price movement reflects a combination of market pressures and valuation concerns. While the company has demonstrated strong operational growth and positive financial results over the last six quarters, its high valuation metrics, such as a PEG ratio of 1.3, may be contributing to investor caution.
In the broader market context, the stock's short-term performance has been better than the benchmark, with the Sensex declining by 1.50% over the past week. However, the stock's recent underperformance relative to its sector and the overall market may be influencing investor sentiment negatively. The significant increase in delivery volume suggests rising investor participation, which could indicate a potential for recovery. Nonetheless, the stock's current valuation concerns, coupled with its recent price decline, may be causing some investors to reassess their positions, leading to the observed downward movement in price.