Why is Shaily Engineer. falling/rising?

As of 19-Sep, Shaily Engineering Plastics Ltd is experiencing a decline in its stock price, currently at Rs 2,353.30, which represents a decrease of Rs 21.7 or 0.91%. The stock has underperformed its sector by 0.25% today and has been on a downward trend for the last two days, resulting in a total decline of 4.95%. Despite this recent drop, the stock has shown strong performance over longer periods, with a 1-month return of 22.07% and a year-to-date increase of 61.19%. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio and consistent profit growth, which has attracted institutional investors, increasing their holdings by 2.73% over the previous quarter. However, the stock's valuation appears expensive, and while it has outperformed the market significantly over the past year, the recent price movement may reflect profit-taking or concerns over its high valuation relative to earnings growth.
In the broader market context, Shaily Engineering's short-term performance contrasts with the Sensex, which has only increased by 0.88% over the past week. The stock's recent decline, despite its strong long-term performance, may indicate a correction after substantial gains, as investors reassess its valuation in light of its high PEG ratio of 1.1. The falling investor participation, evidenced by a 10.58% drop in delivery volume, could also signal waning interest among retail investors, contributing to the stock's current downward trajectory. Overall, while the company has strong fundamentals and a history of positive results, the recent price decline suggests a cautious sentiment among investors in the short term.