Why is Shalimar Agencie falling/rising?

As of 27-Jun, Shalimar Agencies Ltd is experiencing a decline in its stock price, currently at Rs 29.49, which reflects a decrease of Rs 0.6 or 1.99%. The stock has recently underperformed its sector by 2.08% and has seen a trend reversal after 20 consecutive days of gains. Despite this drop, the stock remains significantly higher than its moving averages across various time frames, indicating a strong overall performance. Over the past year, Shalimar Agencies has generated an impressive return of 626.35%, far exceeding the market's average return of 4.10%. Positive financial results from March 25, including the highest quarterly figures for PBDIT, PBT, and PAT, have contributed to the stock's strong performance, although the recent price movement suggests a correction after a prolonged period of gains.
In the broader market context, Shalimar Agencies' short-term performance over the past week shows a return of 4.43%, which is notably higher than the Sensex's return of 2.00% during the same period. This indicates that while the stock is currently facing a decline, it has been outperforming the benchmark in the short term. The significant increase in delivery volume, which rose by over 4132.64% compared to the 5-day average, suggests rising investor interest, although the recent price drop may reflect profit-taking or market corrections. Overall, while the stock has shown remarkable long-term growth, the recent decline may be a natural adjustment following its substantial gains.