Why is Balmer Law. Inv. falling/rising?

As of 05-Sep, Balmer Lawrie Investment Ltd is experiencing a decline in its stock price, currently at 93.66, reflecting a decrease of 0.7 or 0.74%. The stock has underperformed its sector by 1.23% today and has been on a consecutive fall for the last two days, with a total drop of 1.13% during this period. Despite trading above its moving averages, the stock's long-term fundamental strength appears weak, indicated by an average Return on Equity (ROE) of 10.64% and a high Price to Book Value ratio of 1.7. Additionally, while the stock has shown a year-to-date return of 27.50%, it has underperformed over the past year with a return of -3.72%, suggesting that recent price movements may be influenced by a lack of confidence from domestic mutual funds, which hold only a minimal stake in the company.
In the broader market context, Balmer Lawrie's short-term performance over the past week shows a gain of 3.85%, significantly outperforming the Sensex, which has only increased by 1.13%. This indicates that while the stock has had a strong short-term return, the recent decline may reflect investor concerns about its long-term valuation and fundamental strength, particularly in light of flat results reported in June and a high PEG ratio of 6.4. The stock's liquidity remains adequate, but the limited interest from domestic mutual funds could signal caution among institutional investors, further contributing to the stock's recent price decline.