Why is Solara Active falling/rising?

As of 28-Jul, Solara Active Pharma Sciences Ltd's stock price is currently at 655.50, reflecting a decline of 39.2 points or 5.64%. Today's trading session has been marked by high volatility, with the stock opening up 2.14% but subsequently falling to a day's low of Rs 642, resulting in an overall underperformance against its sector by 5.72%. Despite a positive trend over the past month with a return of 6.18%, the stock has seen a year-to-date decline of 3.03%. The company has reported strong financials, including a 16.9% growth in net sales and positive results for the last four consecutive quarters, which has contributed to rising investor participation, as evidenced by a significant increase in delivery volume.
Broader market context indicates that while Solara has outperformed the benchmark Sensex over the longer term, it has underperformed in the short term, with a 1-week return of -3.03% compared to the Sensex's -1.59%. This short-term decline may be influenced by the stock's recent volatility and the broader market conditions. Although the company's fundamentals appear strong, with rising promoter confidence and attractive valuations, the immediate market reaction has led to a decrease in stock price.