Why is Shaily Engineer. falling/rising?

As of 28-Oct, Shaily Engineering Plastics Ltd is experiencing a decline in its stock price, currently at Rs 2,537.95, reflecting a decrease of Rs 5.95 or 0.23%. Today's price summary indicates that the stock opened with a loss of 2.44% and has fallen after two consecutive days of gains. Despite this, the stock has outperformed its sector by 0.28% today and has shown strong performance over various periods, including a 12.96% increase over the past month and an impressive 169.42% rise over the past year. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio and consistent growth in operating profit and net profit, which supports its strong buy status. However, the stock is considered very expensive based on its valuation metrics, which may contribute to the recent price decline.
In the broader market context, Shaily Engineering Plastics Ltd has outperformed the Sensex, which has only increased by 0.24% over the past week, while the stock itself has risen by 2.48%. This indicates that the stock's recent performance is strong relative to the market, despite the current dip. The high institutional holdings at 25.01% suggest that knowledgeable investors have confidence in the company's fundamentals, which may provide some support against the recent price drop. Overall, while the stock is currently facing a short-term decline, its long-term growth prospects and strong financial performance remain favorable compared to the broader market.