Why is Filatex India falling/rising?

As of 02-Jul, Filatex India Ltd is currently priced at Rs 59.35, reflecting a decrease of Rs 2.1 or 3.42%. The stock has underperformed its sector by 3.64% today and has experienced a trend reversal after two consecutive days of gains, touching an intraday low of Rs 59.16. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 5.53% and 3.31%, respectively. The company has a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.71 times, and has reported positive financial results, including a 29.3% growth in PAT for the latest quarter. However, the stock's year-to-date performance remains negative at -3.78%, despite a 2.36% return over the past year, which suggests that while profits have risen, the stock price has not kept pace with these improvements.
In the broader market context, Filatex India's recent performance contrasts with the Sensex, which has gained 0.79% over the past week and 2.50% over the past month. The stock's decline today, despite its higher trading volume and liquidity, indicates a potential market correction or profit-taking after previous gains. The company's fair valuation, with a Price to Book Value of 2 and a PEG ratio of 0.9, suggests that it is trading at a discount compared to its peers, which may attract long-term investors despite the current price drop. Overall, while the stock has shown resilience in certain metrics, its recent price movement reflects a combination of sector underperformance and market dynamics.