Why is Solara Active falling/rising?

As of 29-Jul, Solara Active Pharma Sciences Ltd is experiencing a decline in its stock price, currently at Rs 644.30, reflecting a decrease of Rs 11.2 or 1.71%. The stock has underperformed its sector by 3.12% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7.25%. Despite a positive long-term performance with a 5.97% return over the past year, the stock has faced challenges recently, including a 3.55% decline over the past week and a 4.68% drop year-to-date. However, the company has shown strong fundamentals, with a 16.9% growth in net sales and positive results for the last four consecutive quarters, contributing to a high return on capital employed (ROCE) and an attractive valuation compared to peers.
In the broader market context, while the Sensex has decreased by only 1.03% over the past week, Solara's performance has lagged behind, indicating a more significant short-term struggle. The stock's recent decline may also be influenced by market sentiment despite rising investor participation, as evidenced by a 72.31% increase in delivery volume. The increase in promoter stake by 4.07% suggests confidence in the company's future, yet the current market dynamics and recent price movements indicate that investors are cautious. Overall, while the company has solid long-term prospects, the recent price drop reflects short-term pressures that have overshadowed its positive fundamentals.