Why is BPL falling/rising?

As of 29-Jul, BPL Ltd's stock price is currently at 83.49, reflecting an increase of 0.76 or 0.92%. Today's price summary indicates that the stock has gained after three consecutive days of decline, although it underperformed its sector by 0.86%. The stock's performance over the past week shows a decline of 5.17%, and over the past month, it has decreased by 9.79%. Despite these short-term challenges, the company has demonstrated strong fundamentals, including a significant annual growth rate of 44.26% in operating profit and a notable increase in net sales and profit after tax over the last six months. The stock is trading at a discount compared to its peers, and its PEG ratio of 0 suggests it may be undervalued relative to its earnings growth.
In the broader market context, BPL Ltd's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 1.03% over the past week and 3.24% over the past month. This indicates that while BPL is struggling in the short term, the overall market is not experiencing as severe a downturn. The stock's long-term performance remains positive, with a 3-year return of 25.64%, although it has underperformed over the past year with a decline of 35.78%. The falling investor participation, as evidenced by a 16.83% drop in delivery volume, may also be contributing to the stock's volatility. Overall, while BPL Ltd is facing short-term pressures, its strong financial metrics and potential for growth suggest a more favorable long-term outlook.