Why is Garg Furnace falling/rising?

As of 07-Jul, Garg Furnace Ltd is experiencing a decline in its stock price, currently at Rs 162.05, which reflects a decrease of -0.55 (-0.34%). The stock has been underperforming recently, having fallen -5.32% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week low, being just 3.73% away from Rs 156. Over the past month, Garg Furnace has seen a significant drop of -11.42%, contrasting sharply with the Sensex, which has gained +1.53%. Although the company has shown strong financial performance with an 82.7% growth in PAT and record net sales, the stock's overall return of -44.45% over the past year indicates a troubling trend, especially as promoter confidence wanes with a -3.44% reduction in their stake.
In the broader market context, Garg Furnace's recent performance is notably weaker compared to the benchmark, as it has underperformed the BSE500, which has returned +1.74% over the past year. This stark contrast highlights the stock's struggles despite some positive financial indicators, such as a low Debt to EBITDA ratio and a fair valuation. The rising investor participation, indicated by a 153% increase in delivery volume, suggests some interest in the stock, but the overall sentiment remains negative due to the declining promoter confidence and significant underperformance relative to the market.