Why is Bodal Chemicals falling/rising?

As of 01-Jul, Bodal Chemicals Ltd is currently priced at 76.87, reflecting a decrease of 0.1, or 0.13%. The stock has underperformed its sector today by 1.7% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has shown positive performance over the past week and month, with returns of 7.03% and 3.08%, respectively. The company has reported significant growth in net profit, with a 167.53% increase, and has declared positive results for the last two consecutive quarters. Additionally, the stock is trading above its moving averages, indicating a generally favorable trend, although it has generated a return of -1.32% over the past year despite a substantial rise in profits.
In the broader market context, Bodal Chemicals' short-term performance has outpaced the Sensex, which has returned 2.00% over the past week and 2.76% over the past month. However, the stock's recent decline may be attributed to its underperformance today and the trend reversal after previous gains. The stock's attractive valuation, indicated by a low PEG ratio of 0.3 and a discount compared to peers, suggests potential for future growth, but the current market sentiment appears cautious, leading to the recent price drop. Overall, while the company shows strong fundamentals, the immediate market reaction reflects a temporary setback in investor confidence.