Why is Dynamic Cables falling/rising?

As of 18-Sep, Dynamic Cables Ltd is experiencing a decline in its stock price, currently at Rs 427.10, which reflects a decrease of Rs 5.9 or 1.36%. Today's price summary indicates that the stock has underperformed its sector by 1.38% and has fallen after two consecutive days of gains. The stock reached an intraday high of Rs 442.65 but has shown a trend of lower trading volumes, with a significant drop in delivery volume by 26.47% compared to the 5-day average. Despite a strong performance over the past year with a return of 64.95%, the stock's year-to-date performance is down by 11.30%, indicating some volatility. The company has demonstrated strong financial health with a low Debt to EBITDA ratio and positive results over the last four quarters, which may support its valuation despite the current price decline.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.80% over the past week, while Dynamic Cables has seen a decline of 3.37% in the same period. This underperformance may reflect a broader market sentiment affecting investor participation, as evidenced by the falling delivery volumes. Although the stock has outperformed the market over the past year, the recent downturn suggests that investors may be reacting to short-term fluctuations or profit-taking after a strong run. The stock's attractive valuation metrics, including a low PEG ratio and strong growth in profits, indicate potential for recovery, but current trends suggest caution among investors.