Why is Zydus Wellness falling/rising?

As of 04-Nov, Zydus Wellness Ltd is experiencing a decline in its stock price, currently at Rs 463.25, which reflects a decrease of Rs 15.9 or 3.32%. The stock has underperformed its sector by 3.1% today, touching an intraday low of Rs 457.15, indicating a significant drop of 4.59%. Over the past week, the stock has seen a decline of 6.37%, while its performance over the last month is nearly flat at -0.08%. Despite these short-term challenges, the stock has shown a year-to-date increase of 19.26% and a one-year return of 18.90%, which is notably higher than the market average. The company maintains a low debt-to-equity ratio and has reported positive operational cash flow and growth in profit before tax, suggesting a stable financial position. However, the stock is trading at a premium compared to its peers, which may be contributing to the current selling pressure.
In the broader market context, Zydus Wellness' recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 1.38% over the past week and an increase of 2.77% over the past month. This indicates that while the stock is underperforming in the short term, it has outpaced the market over the longer term, as evidenced by its year-to-date return of 19.26% compared to the Sensex's 6.81%. The rising investor participation, as indicated by a 21.23% increase in delivery volume, suggests that there is still interest in the stock despite its recent price drop. Overall, while Zydus Wellness has shown strong long-term performance, its current price movement reflects short-term volatility and market sentiment.