Why is Zydus Wellness falling/rising?

As of 23-Sep, Zydus Wellness Ltd's stock price is currently at 473.95, reflecting a decrease of 23.7 points or 4.76%. The stock has been on a downward trend, having fallen for three consecutive days, resulting in a total decline of 9.11% during this period. Today's performance indicates that it underperformed its sector by 2.98%, and it reached an intraday low of Rs 470.3. Despite this decline, the stock has shown strong performance over the past month with a return of 20.79%, and it has outperformed the market year-to-date with a gain of 22.02%. The company maintains a low debt-to-equity ratio of 0.03, and its operating cash flow and return on capital employed have reached their highest levels recently, indicating solid fundamentals. However, the stock is trading at a premium compared to its peers, which may contribute to the recent price pressure.
In the broader market context, Zydus Wellness has underperformed the benchmark Sensex in the short term, with a weekly decline of 9.43% compared to the Sensex's minor drop of 0.34%. While the stock has generated a positive return of 13.98% over the past year, the overall market has faced negative returns of -4.69% during the same period. This suggests that despite the recent price drop, Zydus Wellness has been able to maintain a relatively strong performance compared to the broader market trends. The rising investor participation, indicated by an increase in delivery volume, may provide some support, but the current price movement reflects a cautious sentiment among investors in light of the recent declines.