Why is Gandhi Spl. Tube falling/rising?

As of 28-Jul, Gandhi Special Tubes Ltd is currently priced at 757.10, reflecting a decrease of 7.8 points or 1.02%. The stock has been experiencing a downward trend, having fallen for the last three days with a total decline of 4.41% during this period. Despite this recent drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some underlying strength. However, the company reported flat results for the quarter ending March 25, with a significant decline in PAT by 20.5% compared to the previous four-quarter average, and the EPS has reached its lowest at Rs 9.83. Additionally, the stock is considered expensive with a Price to Book Value of 3.5, and domestic mutual funds hold no stake in the company, which may reflect a lack of confidence in its current valuation.
In the broader market context, Gandhi Special Tubes Ltd has outperformed the Sensex over the past week and month, with returns of 4.52% and 6.17%, respectively, while the Sensex has declined by 1.59% and 3.77% during the same periods. However, year-to-date, the stock is down 3.91%, contrasting with the Sensex's gain of 3.52%. This divergence suggests that while the stock has shown resilience in the short term, the overall sentiment may be affected by its recent financial performance and valuation concerns. The falling investor participation, indicated by a 59.33% drop in delivery volume, further underscores the cautious outlook surrounding the stock.