Why is Bodal Chemicals falling/rising?

As of 07-Jul, Bodal Chemicals Ltd is currently priced at Rs 76.99, reflecting a decrease of Rs 1.26 or 1.61%. Today's price summary indicates that the stock has underperformed its sector by 1.28% and has experienced a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 81 but also fell to a low of Rs 76.56. Despite this decline, Bodal Chemicals is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. The company has reported significant growth in net profit and sales, with a 167.53% increase in net profit and a 22.15% rise in net sales over the last six months, contributing to a positive outlook despite the recent price drop.
In the broader market context, Bodal Chemicals has shown a slight increase of 0.03% over the past week, while the benchmark Sensex has decreased by 0.20%. Over the past month, the stock has outperformed the Sensex with a return of 4.89% compared to the benchmark's 1.53%. However, the stock has underperformed over the past year, with a return of -1.67% against the Sensex's 4.31%. The company's attractive valuation, indicated by a PEG ratio of 0.3 and a significant rise in profits, suggests that the stock may be undervalued compared to its peers, which could support future price recovery despite the current decline.