Why is Cords Cable falling/rising?

As of 28-Aug, Cords Cable Industries Ltd is experiencing a decline in its stock price, currently at 177.85, which reflects a decrease of 2.45 or 1.36%. The stock has underperformed its sector by 0.9% today and has been on a downward trend for the last two days, accumulating a total drop of 3.5%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Over the past week, the stock has decreased by 3.68%, and over the past month, it has fallen by 11.08%, while its year-to-date performance shows a significant decline of 15.11%. Despite these negative movements, the company has reported positive financial results for the last seven consecutive quarters, with notable growth in profit after tax and net sales, which may suggest underlying strength.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by only 2.34% over the past week and 1.00% over the past month. This indicates that Cords Cable is underperforming relative to the overall market. The stock's liquidity remains adequate, with rising investor participation noted through increased delivery volumes. Although the stock is trading at a discount compared to its peers and has a favorable PEG ratio, the significant year-over-year decline of 19.16% in stock price, despite a 41.2% increase in profits, may be contributing to investor caution and the stock's recent downward trajectory.