Why is Agribio Spirits falling/rising?

As of 15-Sep, Agribio Spirits Ltd is currently priced at 221.00, reflecting a decrease of 3.0 points or 1.34%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. Despite this decline, Agribio Spirits has shown strong performance over various periods, with a year-to-date increase of 69.28% and a remarkable 169.51% rise over the past year. However, today's performance indicates that it underperformed its sector by 1.48%, and there has been a significant drop in investor participation, with delivery volume falling by 92.81% against the five-day average. Additionally, while the company has reported positive results in the last three quarters, including a 127.9% growth in net sales, the decrease in promoter holding to 43.5% raises concerns about confidence in the company’s future.
In the broader market context, Agribio Spirits has outperformed the Sensex, which has only increased by 4.67% year-to-date, while the stock has gained 69.28%. This indicates that, despite the recent decline, the stock has been a strong performer relative to the benchmark. However, the company's weak long-term fundamental strength, characterized by operating losses and a poor EBIT to interest ratio, poses risks. The stock's high PEG ratio of 1.1 suggests it may be trading at a premium compared to its earnings growth, which could contribute to the recent price decline as investors reassess its valuation amidst these concerns.