Why is Solara Active falling/rising?

As of 16-Jul, Solara Active Pharma Sciences Ltd is experiencing a decline in its stock price, currently at Rs 689.45, down by Rs 2.8 or 0.4%. Despite this recent drop, the stock has shown strong performance over the past week, gaining 10.14%, and has outperformed the benchmark Sensex, which fell by 1.08% during the same period. The stock reached an intraday high of Rs 714.45 earlier in the day, indicating some volatility. Additionally, the company has reported positive financial results over the last three consecutive quarters, with a significant increase in profits and attractive valuation metrics, which may have contributed to its previous upward momentum.
In the broader market context, while Solara Active's short-term performance has been strong, the recent price drop follows three consecutive days of gains, suggesting a potential trend reversal. The stock's year-to-date return of 2.00% is lower than the Sensex's 5.75%, indicating that while the stock has performed well recently, it has not kept pace with the broader market over the longer term. However, the stock's liquidity remains healthy, and rising investor participation could support future price stability. Overall, the combination of recent gains, positive financial indicators, and a slight pullback may reflect normal market fluctuations rather than a fundamental weakness in the company's performance.