Why is Shaily Engineer. falling/rising?

As of 19-Nov, Shaily Engineering Plastics Ltd is experiencing a decline in its stock price, currently at Rs 2,620.70, which reflects a decrease of Rs 107.15 or 3.93%. The stock has underperformed its sector by 3.23% today and has been on a downward trend for the last two days, accumulating a total loss of 4.59%. Despite this recent decline, the stock has shown strong performance over the longer term, with a 137.46% increase over the past year and a staggering 716.06% rise over the last three years. However, today's trading activity indicates a lack of investor participation, with delivery volume dropping by 40.56% compared to the five-day average, which may contribute to the stock's current downward movement.
In the broader market context, while Shaily Engineering Plastics Ltd has outperformed the Sensex with a 4.98% gain over the past week and a 9.79% increase over the past month, the recent price drop suggests a divergence from this trend. The stock's high management efficiency and strong financial metrics, such as a low Debt to EBITDA ratio and consistent profit growth, indicate a solid foundation. However, the stock is perceived as very expensive with a high valuation, which may deter some investors. This combination of strong fundamentals and recent price pressure could be causing uncertainty among investors, leading to the observed decline in stock price.