Why is DMR Hydroengg. falling/rising?

As of 09-Jul, DMR Hydroengineering & Infrastructures Ltd is experiencing a decline in its stock price, currently at 145.80, reflecting a decrease of 0.55 or 0.38%. The stock has recently underperformed its sector by 0.7% and has seen a trend reversal after 16 consecutive days of gains. Despite a strong performance over the past week and month, with returns of 13.91% and 20.50% respectively, the stock has struggled year-to-date and over the past year, with declines of 10.83% and 13.13%. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength, particularly given its weak EBIT to Interest ratio of 1.28 and a high Price to Book Value of 6.9.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as it has significantly underperformed the BSE500, which generated a return of 1.43% over the past year. While the stock has shown rising investor participation with a notable increase in delivery volume, the overall sentiment remains cautious due to the company's flat results in March 2024 and a high PEG ratio of 5.7, indicating that the stock may be overvalued despite recent gains. This combination of factors contributes to the current downward movement in DMR Hydroengineering's stock price.