Why is Escorts Kubota falling/rising?

As of 25-Jun, Escorts Kubota Ltd is experiencing a slight decline in its stock price, currently at Rs 3,298.05, reflecting a decrease of -1.95 (-0.06%). The stock has been losing value for the last two days, with a total drop of -0.76% during this period. Although it reached an intraday high of Rs 3,372.7, the stock's performance over the past month shows a significant decline of -6.13%, while it has underperformed the market with a yearly return of -21.45%. The company's financial results have also contributed to this downward trend, as it reported a fall in profit before tax and net sales compared to previous quarters, alongside a high price-to-book value ratio indicating an expensive valuation relative to its peers.
In the broader market context, the Sensex has shown a positive return of +1.61% over the past week, contrasting with Escorts Kubota's performance. The stock's recent decline is further exacerbated by a notable drop in investor participation, with delivery volume falling by -43.41% against the five-day average. This lack of interest, combined with the company's underperformance relative to the market and its peers, suggests that investors may be cautious about its future prospects, particularly given the flat results reported in March and the high PEG ratio of 2.3.