Why is Foseco India falling/rising?

As of 11-Jul, Foseco India Ltd. is experiencing a decline in its stock price, currently at 4,826.10, reflecting a decrease of 69.3 points or 1.42%. The stock has been on a downward trend, having lost 4.07% over the last three days, and its delivery volume has decreased by 29.01% compared to the five-day average, indicating falling investor participation. Despite this recent decline, the stock has shown strong performance over the longer term, with a year-to-date return of 19.93% and a remarkable 200.13% increase over the past three years. The company boasts high management efficiency with a return on equity (ROE) of 17.33% and has consistently outperformed the BSE500 index in annual returns over the last three years. However, concerns about poor long-term growth, as evidenced by a modest annual growth rate in net sales and operating profit, may be contributing to the current price movement.
In the broader market context, Foseco India's short-term performance has been less favorable compared to the benchmark Sensex, which has declined by only 1.12% over the past week, while Foseco has dropped by 3.43%. This underperformance in the short term, coupled with a high price-to-book value ratio and a relatively expensive valuation compared to peers, may be causing investors to reassess their positions. Although the stock has generated positive returns over the past year, the rising PEG ratio of 1.8 suggests that the stock may be overvalued relative to its earnings growth, further influencing its recent price decline.