Why is Yash Chemex falling/rising?

As of 26-Aug, Yash Chemex Ltd's stock price is currently at Rs 67.40, reflecting a decrease of Rs 1.99 or 2.87%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. It is currently trading 4.23% away from its 52-week high of Rs 70.25. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 26.22% and 27.19%, respectively. The company has reported positive results for the last three consecutive quarters, with net sales growing significantly and profits rising by 205% over the past year. This has contributed to a favorable PEG ratio of 0.1, indicating that the stock is trading at a discount compared to its peers.
In the broader market context, while Yash Chemex has outperformed the benchmark Sensex, which has seen a decline of 1.05% over the past week and 0.83% over the past month, the stock's recent performance has been mixed. The stock has generated a return of 27.65% over the past year, significantly outperforming the BSE500's negative return of -3.87%. However, the stock's underperformance today relative to its sector by 1% and the increased trading volume near its low price suggest some caution among investors. Overall, while the company has strong fundamentals, the recent price decline may reflect profit-taking after a period of gains and market volatility.