Why is Escorts Kubota falling/rising?

As of 22-Jul, Escorts Kubota Ltd's stock price is currently at 3,444.80, reflecting an increase of 10.8 or 0.31%. The stock has been gaining over the last two days, with a total return of 1.14% during this period. However, it has underperformed its sector by 0.46% today. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock has seen a significant drop in investor participation, with delivery volume falling by 43.76% compared to the 5-day average. Additionally, the company has a low debt-to-equity ratio, but it has reported flat results for the quarter ending March 25, with net sales and profit before tax both declining compared to previous averages, which raises concerns about its valuation.
In the broader market context, while the stock has shown a positive return of 2.59% over the past week and 6.60% over the past month, it has significantly underperformed the benchmark Sensex, which has seen a decline of 0.47% and 0.27% respectively during the same periods. Over the past year, Escorts Kubota has generated a negative return of 14.12%, contrasting sharply with the Sensex's positive return of 2.09%. This underperformance, coupled with an expensive valuation indicated by a price-to-book ratio of 3.7 and a PEG ratio of 2.4, suggests that despite short-term gains, the stock faces challenges in attracting investor confidence in the long run.