Why is Solara Active falling/rising?

As of 26-Jun, Solara Active Pharma Sciences Ltd is currently priced at Rs 619.10, reflecting a decrease of Rs 16.8 or 2.64%. The stock has underperformed its sector by 2.72% today, following a trend reversal after four consecutive days of gains. It touched an intraday low of Rs 602.95, indicating a decline of 5.18%. Despite this drop, the stock has shown strong performance over the past year, generating a return of 28.66%, significantly higher than the market's return of 4.11%. The company has reported positive results for the last three consecutive quarters, with a notable growth in profit after tax and a high return on capital employed, suggesting a solid financial foundation. However, the stock is currently trading lower than its 200-day moving average, which may contribute to the recent price decline.
In the broader market context, while Solara's short-term performance has been strong, with a 28.97% increase over the past month compared to the Sensex's 1.92%, the recent price drop indicates a potential correction after a period of rapid gains. The stock's liquidity remains adequate, with a significant increase in delivery volume, suggesting continued investor interest despite the current downturn. Overall, while the company shows strong fundamentals and past performance, the recent price movement reflects a market adjustment following a series of gains, coupled with the stock's current valuation being lower than its peers.