Why is Gagan Gases falling/rising?

As of 03-Nov, Gagan Gases Ltd's stock price is currently at Rs 23.56, reflecting a decrease of Rs 1.47, or 5.87%. The stock has shown significant volatility today, opening with a gain of 9.83% and reaching an intraday high of Rs 27.49 before dropping to a low of Rs 23.53. Despite this initial surge, the stock has underperformed its sector by 6.5% and has fallen after two consecutive days of gains. Over the past week, the stock has declined by 8.79%, while its year-to-date performance shows a decrease of 2.85%. The company's financial health is concerning, with operating losses and a weak ability to service debt, as indicated by a poor EBIT to Interest ratio of 0.19. Additionally, the stock is trading at a premium compared to its peers, with a Price to Book Value of 3.4, which suggests it may be overvalued.
In the broader market context, the Sensex has only decreased by 0.94% over the past week, indicating that Gagan Gases Ltd's decline is more pronounced than the overall market trend. The company's recent performance is particularly troubling given that while it has generated a return of -1.34% over the past year, its profits have increased by 9%, leading to a PEG ratio of 0.7, which suggests that the stock may not be a good value at its current price. The falling investor participation, with a significant drop in delivery volume, further underscores the lack of confidence among investors, contributing to the stock's downward trajectory.