Why is Asian Granito falling/rising?

As of 29-Jul, Asian Granito India Ltd's stock price is currently at Rs 58.90, reflecting an increase of Rs 1.91 or 3.35%. The stock has shown a trend reversal today, gaining after 12 consecutive days of decline. It reached an intraday high of Rs 58.91, outperforming its sector by 3.67%. However, the stock's performance over the past week and month has been negative, with declines of 1.60% and 10.40%, respectively. Despite these short-term challenges, the company has reported positive financial results over the last three quarters, including a significant growth in profit after tax and net sales, which may contribute to the recent uptick in stock price.
Broader market context indicates that while Asian Granito's stock has underperformed the Sensex over the past year with a decline of 27.27% compared to a near flat performance of the benchmark, it has shown resilience with a positive return over the last three years, gaining 27.35%. The stock's current valuation appears attractive, trading at a discount relative to its peers, which could be appealing to investors despite the recent volatility. The falling investor participation and lower delivery volume suggest caution among traders, yet the stock's positive earnings growth and favorable PEG ratio may provide a basis for optimism in its future performance.