Why is Bhagyanagar Ind falling/rising?

As of 23-Jul, Bhagyanagar India Ltd's stock price is currently at Rs 106.55, reflecting a decrease of Rs 3.38 or 3.07%. Today's price summary indicates that the stock underperformed its sector by 2.65%, with an intraday high of Rs 112.32 and a low of Rs 104.9. Despite this decline, the stock has shown strong performance over the past week and month, with returns of +18.96% and +29.34%, respectively. The company has reported positive financial results over the last three quarters, with significant growth in net sales and operating profit, contributing to a healthy long-term growth outlook. However, the stock's recent price drop may be influenced by its performance today, where it traded closer to its low price, indicating some selling pressure.
In the broader market context, Bhagyanagar India Ltd's short-term performance has significantly outpaced the Sensex, which only saw a 0.11% increase over the past week. This stark contrast highlights the stock's volatility and investor interest, as evidenced by a 295.37% increase in delivery volume compared to the 5-day average. While the stock has generated a negative return of -2.29% over the past year, its profits have increased substantially, suggesting that the current price may not fully reflect its underlying value. The attractive valuation metrics, including a low PEG ratio of 0.2, indicate that the stock may be undervalued compared to its peers, which could support a recovery in its price in the future.