Why is Solar Industries falling/rising?

As of 31-Jul, Solar Industries India Ltd is experiencing a decline in its stock price, currently at Rs 14,226.50, reflecting a decrease of Rs 272.5 or 1.88%. The stock has underperformed its sector today by 0.82% and has been on a consecutive downward trend for the last two days, with a total decline of 2.02%. It opened the day with a loss of 2.06% and reached an intraday low of Rs 14,025, down 3.27%. Over the past week, the stock has decreased by 3.65%, and over the past month, it has fallen significantly by 17.26%. Despite these short-term declines, the company has demonstrated strong long-term fundamentals, including a high Return on Capital Employed (ROCE) of 30% and consistent growth in net sales and operating profit. However, the stock's valuation appears expensive, with a Price to Book Value of 29.3, which may be contributing to the recent price pressure.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex declining by only 1.22% over the same week. While Solar Industries has shown impressive long-term growth, with a year-to-date return of 44.95% compared to the Sensex's 3.90%, the recent underperformance may be influenced by market sentiment and valuation concerns. The stock's high institutional holdings suggest that informed investors are closely monitoring its performance, which could lead to increased volatility in the short term. Overall, while the company's fundamentals remain strong, the recent price movements reflect a combination of market dynamics and valuation pressures.