Why is SKM Egg Prod. falling/rising?

As of 14-Aug, SKM Egg Products Export (India) Ltd is experiencing a decline in its stock price, currently at Rs. 340.05, which reflects a decrease of Rs. 6.9 or 1.99%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 5.93% and 11.55%, respectively. Notably, the stock reached a new 52-week high of Rs. 353.85 earlier today but has underperformed its sector by 1.45%. The recent trend reversal comes after 10 consecutive days of gains, and a significant drop in investor participation is evident, with delivery volume falling by 84.71% compared to the 5-day average. While the stock is trading above its moving averages, the decline in price may be attributed to profit-taking after a strong rally.
In the broader market context, SKM Egg Products has outperformed the Sensex, which has remained nearly flat at -0.03% over the past week. The company's long-term growth prospects remain positive, supported by a low Debt to EBITDA ratio and a significant increase in operating profit. Additionally, rising promoter confidence, with a 0.85% increase in stake, indicates strong belief in the company's future. However, the stock's recent price drop, despite its impressive annual return of 46.20%, may reflect market corrections following a period of rapid gains, alongside a notable decline in trading volume, suggesting a cautious sentiment among investors.