Why is Astra Microwave falling/rising?

As of 25-Jun, Astra Microwave Products Ltd is currently priced at 1,055.05, reflecting a decrease of 19.55 points, or 1.82%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 7.46% during this period. Despite this recent downturn, the stock has shown strong long-term performance, with a year-to-date return of 37.14% and a remarkable increase of 445.81% over the past three years. The stock's ability to service debt is strong, indicated by a low Debt to EBITDA ratio of 0.62 times, and it has demonstrated healthy long-term growth with an annual operating profit increase of 32.76%. However, the stock is considered very expensive with a high valuation, as evidenced by its premium trading compared to peers and a PEG ratio of 2.4, which may be contributing to the recent price decline.
In the broader market context, Astra Microwave's short-term performance has lagged behind the benchmark, with a 1-week return of -6.55% compared to the Sensex's gain of 1.61%. The defense sector, in which the company operates, has also seen a decline of 2.91%, further impacting investor sentiment. Despite a rise in investor participation, as indicated by a 59.34% increase in delivery volume, the overall market conditions and sector performance have not favored the stock recently. This combination of factors suggests that while Astra Microwave has strong fundamentals and long-term growth potential, its current price movement is influenced by broader market trends and sector-specific challenges.