Why is DDev Plastiks falling/rising?

As of 21-Jul, DDev Plastiks Industries Ltd is experiencing a decline in its stock price, currently at Rs 315.40, which represents a decrease of Rs 7.15 or 2.22%. The stock has underperformed its sector by 1.85% today and has fallen after six consecutive days of gains. It touched an intraday low of Rs 314.5, indicating a 2.5% drop. In terms of performance over the past week, the stock has increased by 7.44%, while over the past month, it has risen by 15.59%. However, the stock has generated a negative return of 19.60% over the past year. Despite this, the company shows potential for healthy long-term growth, with an operating profit growth rate of 39.27% and a return on equity (ROE) of 28.1%. The stock is trading at a fair value compared to its peers, supported by a low debt-to-equity ratio and a PEG ratio of 8.4.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week and a decrease of 0.25% over the past month, indicating that the market is relatively stable but not experiencing significant upward momentum. DDev Plastiks' year-to-date performance of 14.55% is notably higher than the Sensex's 5.20%, suggesting that the stock has been performing well in the short term compared to the broader market. However, the recent drop in investor participation, with a significant decrease in delivery volume, may be contributing to the stock's current decline, despite its overall positive growth indicators.