Why is Banco Products falling/rising?

As of 29-Jul, Banco Products (India) Ltd is currently priced at 610.00, reflecting an increase of 4.25 or 0.7%. Despite a recent trend where the stock underperformed its sector by 0.78% and opened with a loss of 2.18%, it has shown signs of recovery after four consecutive days of decline. The stock touched an intraday low of Rs 581.8 but has gained momentum, supported by a rise in delivery volume by 29.07% against the five-day average. Over the past year, Banco Products has delivered a remarkable return of 60.66%, significantly outperforming the BSE500, with strong financial indicators such as a low Debt to EBITDA ratio of 0.55 times and a robust annual operating profit growth rate of 42.04%.
In the broader market context, while the stock has experienced a short-term decline of 7.38% over the past week, the benchmark Sensex has only decreased by 1.03%. This indicates that Banco Products is facing specific challenges that are not affecting the broader market to the same extent. However, the company's consistent long-term performance, with a staggering 547.73% return over three years and a PEG ratio of 0.5, suggests that it remains a strong investment relative to its peers. The stock's fair valuation and strong return on capital employed further support its potential for recovery, despite recent fluctuations.