Why is Escorts Kubota falling/rising?

As of 03-Jul, Escorts Kubota Ltd's stock price is currently at 3,368.80, reflecting an increase of 22.65, or 0.68%. The stock has been gaining for the last two days, with a total return of 1.62% during this period. It is performing inline with its sector and has a delivery volume that has increased by 1.44% compared to the 5-day average, indicating rising investor participation. However, despite these positive short-term movements, the company has faced challenges, including a significant decline in profit before tax and net sales in the latest quarter, which fell by 18.7% and 5.5%, respectively. The stock has underperformed over the past year, generating a return of -18.05%, while its profits have increased by 14.9%, suggesting a high valuation relative to its earnings growth.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 0.38% over the past week while the Sensex has declined by 0.62%. Over the last month, the stock has increased by 2.56%, but it still lags behind the Sensex's 3.10% gain. The stock's long-term performance is also concerning, with a return of -18.05% over the past year compared to the market's positive return of 4.07%. This underperformance, coupled with an expensive valuation indicated by a price-to-book ratio of 3.6 and a PEG ratio of 2.4, suggests that while there may be short-term gains, the stock faces significant headwinds that could impact its future performance.