Why is SRF falling/rising?

As of 09-Jul, SRF Ltd. is experiencing a slight decline in its stock price, currently at Rs 3,280.00, which reflects a decrease of Rs 6.9 or 0.21%. Despite this minor drop, the stock has shown strong performance over the past week, with a return of 0.94%, and a notable 4.88% increase over the last month. The stock is close to its 52-week high, just 0.49% away, and has outperformed its sector by 1.07% today. However, it has recently seen a trend reversal after three consecutive days of gains. The stock is trading above all major moving averages, indicating a generally positive trend, and there has been a rise in investor participation, with delivery volume increasing by 1.11% against the five-day average.
In the broader market context, SRF's performance has significantly outpaced the benchmark Sensex, which has only increased by 0.15% over the past week and 1.32% over the last month. The stock's year-to-date return of 47.03% also far exceeds the Sensex's 6.91%. While the company has demonstrated high management efficiency and a strong ability to service debt, it faces risks due to its expensive valuation and a decline in profits over the past year. The high institutional holdings suggest confidence in the company's fundamentals, but the recent profit drop could be a concern for investors, contributing to the current price movement.