Why is Bharat Seats falling/rising?

As of 18-Sep, Bharat Seats Ltd is currently priced at 146.55, reflecting a decline of 4.1 points or 2.72%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total drop of 13.51% during this period. Despite opening with a gain of 2.12% today and reaching an intraday high of Rs 153.85, it ultimately touched a low of Rs 145.3. The stock has underperformed its sector by 2.86% today, and while it has shown strong long-term growth with a 55.99% increase year-to-date, recent performance has been disappointing compared to the benchmark, as it has declined by 11.98% over the past week while the Sensex gained 1.80%. Positive factors such as healthy long-term growth in net sales and operating profit, alongside a favorable PEG ratio of 0.9, indicate potential for recovery, but the recent price action suggests investor caution.
Broader Market Context: In the context of the broader market, Bharat Seats Ltd's recent performance has been notably weaker than the Sensex, particularly in the short term. While the stock has generated a substantial return of 45.42% over the past year, the current decline contrasts sharply with the benchmark's modest gain of 0.08% during the same period. The stock's liquidity remains adequate for trading, and rising investor participation, as indicated by a significant increase in delivery volume, may provide some support. However, the stock's recent underperformance relative to both its sector and the benchmark highlights a challenging environment, which could be influencing investor sentiment negatively.