Why is Escorts Kubota falling/rising?

As of 11-Jul, Escorts Kubota Ltd is experiencing a decline in its stock price, currently at 3,296.35, which reflects a decrease of 28.8 points or 0.87%. The stock has been losing value for the last three days, with a total drop of 2.76% during this period. In terms of performance, the stock has shown a mixed trend over various time frames; it has decreased by 1.10% over the past week, but it has gained 2.58% over the last month. However, the stock has significantly underperformed over the past year, with a return of -17.32% compared to the Sensex's gain of 3.26%. The company's low debt-to-equity ratio and majority ownership by promoters are positive factors, but the recent flat results, including a decline in profit before tax and net sales, contribute to the negative sentiment surrounding the stock.
Broader market context indicates that while the stock has been liquid enough for trading, with a delivery volume that has fallen by 30.16% against the 5-day average, it has not kept pace with the broader market. The Sensex has shown a slight decline of 1.12% over the past week, which is comparable to the stock's performance. However, the stock's year-to-date performance of -0.91% contrasts sharply with the Sensex's gain of 5.58%, highlighting its underperformance in the market. The stock's expensive valuation, reflected in its price-to-book ratio of 3.6, combined with a PEG ratio of 2.3, suggests that it may be overvalued relative to its earnings growth, further impacting investor confidence and contributing to its recent price decline.