Why is Styrenix Perfor. falling/rising?

As of 31-Jul, Styrenix Performance Materials Ltd is currently priced at 2,908.00, reflecting an increase of 7.5 or 0.26%. Today's price summary indicates that the stock has outperformed its sector by 0.89% and is experiencing a trend reversal after five consecutive days of decline. Despite opening with a loss of 2.55% and touching an intraday low of Rs 2,826.45, the stock remains higher than its 200-day moving averages, although it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages. The stock has shown consistent returns over the past year, generating a 10.65% return, and has strong long-term fundamentals, including a high return on equity (ROE) of 29.21% and significant operating profit growth. However, it is trading at a premium compared to its peers, which may contribute to some volatility.
In the broader market context, the stock's short-term performance has been negative, with a 7.89% decline over the past week, while the benchmark Sensex has only decreased by 1.22%. Despite this, Styrenix has shown resilience with a year-to-date return of 0.16%, outperforming the Sensex, which has gained 3.90% in the same period. The stock's strong fundamentals, including a low debt-to-equity ratio and impressive growth metrics, suggest that it has the potential for recovery, although falling investor participation and high valuation concerns may pose risks to its future performance.