Why is Asahi India Glas falling/rising?

As of 30-Sep, Asahi India Glass Ltd is experiencing a decline in its stock price, currently at Rs 855.45, which reflects a decrease of Rs 21.1 or 2.41%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 6.54% over that period. Today's performance indicates that the stock has underperformed its sector by 0.46%, with an intraday low of Rs 840. Despite a healthy long-term growth rate in operating profit of 30.79% and a market-beating performance over the past year with a return of 7.73%, recent quarterly results show a significant drop in profit before tax and profit after tax, which has contributed to the stock's negative movement.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, as the Sensex has only declined by 2.23% over the same week. While the stock has shown strong long-term growth and constitutes a significant portion of its sector, the recent financial results have raised concerns about its valuation, particularly with a high PEG ratio of 23.8 and a return on capital employed (ROCE) of 11. These factors, combined with the recent negative price momentum and increased investor participation, suggest that market sentiment is currently cautious regarding Asahi India Glass Ltd.