Why is SRF falling/rising?

As of 31-Oct, SRF Ltd. is experiencing a decline in its stock price, currently at Rs 2,935.85, reflecting a decrease of Rs 45.3 or 1.52%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total decline of 3.01% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite outperforming its sector by 0.52% today, the stock's delivery volume has significantly decreased, falling by 41.51% against the 5-day average, which suggests a drop in investor participation. Over the past week, SRF has underperformed the Sensex, with a return of -4.85% compared to the benchmark's -0.32%.
In the broader market context, while SRF has shown strong performance over the longer term, with a year-to-date return of 31.60% compared to the Sensex's 7.42%, its recent short-term performance has been disappointing. The overall diversified sector has also seen a decline of 2.04%, which may be contributing to the stock's downward movement. Although the company has demonstrated strong fundamentals, including a healthy EBIT to Interest ratio and positive quarterly results, its high valuation and recent profit growth that lags behind stock performance may be causing investor concern. The combination of these factors suggests that while SRF has a solid long-term outlook, short-term pressures are currently impacting its stock price negatively.