Why is Astra Microwave falling/rising?

As of 03-Jul, Astra Microwave Products Ltd is experiencing a decline in its stock price, currently at 1,057.70, which reflects a decrease of 10.15 points or 0.95%. The stock has underperformed its sector today by 0.77%, and its delivery volume has decreased by 8.24% compared to the 5-day average, indicating falling investor participation. Despite a strong long-term growth outlook with an annual operating profit growth rate of 32.76% and a low Debt to EBITDA ratio of 0.62 times, the stock's valuation appears expensive with a PEG ratio of 2.4, suggesting that it may be trading at a premium compared to its peers. The stock has shown consistent returns over the past three years, generating 11.67% returns in the last year, but the recent price movement indicates some investor caution.
In the broader market context, Astra Microwave's short-term performance has been slightly worse than the benchmark, with a 1-week return of -0.70% compared to the Sensex's -0.62%. While the stock has performed well year-to-date with a return of 37.49% against the Sensex's 6.53%, the recent decline may reflect market sentiment and valuation concerns despite its strong fundamentals. The high institutional holdings at 20.61% suggest that knowledgeable investors are backing the company, yet the current price drop may indicate a reassessment of the stock's valuation in light of its recent performance and market conditions.