Why is eMudhra falling/rising?

As of 24-Sep, eMudhra Ltd's stock price is currently at Rs 659.40, reflecting a decrease of Rs 14.8 or 2.2%. The stock has been underperforming, having fallen consecutively for the last five days, with a total decline of 4.59% over that period. It is also trading close to its 52-week low, just 1.18% above Rs 651.6. The stock's performance over the last month shows a significant decline of 11.99%, while its year-to-date return is down 29.84%. Despite positive factors such as high management efficiency, low debt-to-equity ratio, and consistent growth in net sales and profits, the stock is perceived as expensive with a high price-to-book value and a PEG ratio of 3.2, which may deter investors.
In the broader market context, eMudhra's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.18% over the past week and has shown a positive return of 0.50% over the last month. This underperformance is further highlighted by the fact that while the broader market has generated negative returns of -5.32% over the past year, eMudhra's stock has significantly lagged with a return of -24.27%. The falling investor participation, indicated by a 29.14% drop in delivery volume, suggests a lack of confidence among traders, contributing to the stock's downward trend.