Why is Captain Pipes falling/rising?

As of 10-Jul, Captain Pipes Ltd is currently priced at 16.05, reflecting a slight increase of 0.02 (0.12%). The stock has shown a positive trend recently, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, the stock has underperformed its sector by 0.83% today, and there has been a significant drop in investor participation, with delivery volume falling by 52.52% against the 5-day average. Over the past week, Captain Pipes has outperformed the Sensex, with a return of 4.09% compared to the benchmark's slight decline of 0.06%. Despite a year-to-date decline of 17.31%, the company has demonstrated high management efficiency with a ROCE of 16.31% and a low Debt to EBITDA ratio of 0.91, indicating a strong ability to service debt.
In the broader market context, while Captain Pipes has shown positive short-term returns, it has significantly underperformed over the past year, generating a return of -12.25% compared to the BSE500's gain of 1.46%. This underperformance is compounded by flat results reported in March, where the company's operating profit to net sales was at its lowest. Although the stock is trading at a discount compared to its peers, its expensive valuation, indicated by a PEG ratio of 8.6, raises concerns among investors. Overall, while recent movements suggest a potential recovery, the company's historical performance and valuation metrics continue to weigh on investor sentiment.