Why is Solar Industries falling/rising?

As of 11-Jul, Solar Industries India Ltd is experiencing a decline in its stock price, currently at Rs 15,392.20, which reflects a decrease of Rs 492.1 or 3.1%. The stock has been underperforming, having fallen consecutively for the last nine days, resulting in a total decline of 12.5% during this period. Additionally, it underperformed its sector by 1.75% today, with an intraday low of Rs 15,380.65. Over the past week, the stock has decreased by 8.54%, while its year-to-date performance remains strong at a gain of 56.82%. Despite this, the stock's moving averages indicate a mixed trend, being higher than the 100-day and 200-day averages but lower than the shorter-term averages. The company has shown strong long-term fundamentals, with a high return on capital employed and consistent growth in net sales and operating profit, which could support future recovery.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 1.12% over the same week. While Solar Industries has historically outperformed the market with a 24.79% return over the past year, the recent price drop suggests that investor sentiment may be affected by its high valuation metrics, such as a price-to-book ratio of 31.8, despite its strong financial performance. The stock's liquidity remains adequate, with increased delivery volumes indicating some investor interest, but the overall market conditions and recent performance trends suggest caution among investors.