Why is Solar Industries falling/rising?

As of 23-Sep, Solar Industries India Ltd's stock price is currently at Rs 14,227.00, reflecting a decrease of Rs 238.0 or 1.65%. The stock has underperformed its sector by 1.09% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 3.07%. Additionally, the stock has seen a significant decline of 4.00% over the past month, while it has performed well year-to-date with a gain of 44.95%. Despite its strong long-term fundamentals, including a high Return on Capital Employed (ROCE) of 30.00% and consistent positive results over the last five quarters, the stock's recent performance is hindered by falling investor participation, as evidenced by a 21.22% drop in delivery volume compared to the five-day average.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.44% compared to the Sensex's -0.34%. While the company has a robust market position, being the largest in its sector with a market cap of Rs 1,30,950 cr, the current valuation appears expensive with a Price to Book Value of 29.3. This valuation, combined with a high PEG ratio of 2.8, may contribute to investor caution. Overall, while Solar Industries has demonstrated strong long-term growth and institutional support, the recent price decline reflects short-term pressures and market sentiment that may be affecting investor confidence.