Why is Astra Microwave falling/rising?

As of 27-Jun, Astra Microwave Products Ltd is experiencing a decline in its stock price, currently at 1,057.20, which reflects a decrease of 7.95 or 0.75%. The stock has underperformed its sector by 1.66% today, touching an intraday low of Rs 1,041.5, indicating a significant drop of 2.22%. Over the past week, the stock has decreased by 4.46%, and in the last month, it has fallen by 3.15%. Despite a strong year-to-date return of 37.42%, the recent performance has been impacted by a notable drop in investor participation, with delivery volume falling by 58.39% against the 5-day average. While the company has a low Debt to EBITDA ratio and has shown healthy long-term growth, its current valuation is considered very expensive, which may be contributing to the recent price decline.
In the broader market context, Astra Microwave's short-term performance has lagged behind the Sensex, which has gained 2.00% over the past week. This underperformance may reflect investor sentiment shifting towards more attractive opportunities in the market, especially given the stock's premium valuation compared to its peers. Although the company has demonstrated consistent returns and strong institutional holdings, the high PEG ratio of 2.4 suggests that the stock may be overvalued relative to its earnings growth, further influencing the downward pressure on its price.