Why is Shaily Engineer. falling/rising?

As of 12-Sep, Shaily Engineering Plastics Ltd's stock price is currently at Rs. 2,250.00, reflecting a decrease of Rs. 26.0 or 1.14%. The stock reached a new 52-week high of Rs. 2,324.9 earlier in the day but has since fallen after two consecutive days of gains. Despite this decline, the stock has shown impressive performance over various periods, with a 1-week return of 2.83%, a 1-month return of 28.22%, and a remarkable 129.15% increase over the past year. The company's strong fundamentals, including a low Debt to EBITDA ratio and consistent profit growth, support its positive outlook, although it currently faces a very expensive valuation.
In the broader market context, Shaily Engineering's recent performance has outpaced the benchmark Sensex, which has returned 1.48% over the past week. The stock's ability to maintain higher trading levels than its moving averages indicates a strong underlying trend, despite today's underperformance against its sector. The increase in institutional holdings and rising investor participation further bolster confidence in the stock, although the high valuation and recent profit growth may raise concerns among some investors. Overall, while the stock has experienced a short-term decline, its long-term growth potential remains strong.