Why is Garware Hi Tech falling/rising?

As of 29-Aug, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at Rs 2,693.00, which reflects a decrease of Rs 51.9 or 1.89%. The stock has underperformed its sector by 1.48% today, reaching an intraday low of Rs 2,689, and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown significant declines over various periods, with a 1-week return of -9.90% and a 1-month return of -25.26%. Despite a healthy long-term growth in net sales and operating profit, the recent flat results in net sales for the quarter have contributed to negative sentiment among investors. The stock's PEG ratio of 0.6 suggests it is fairly valued, but its current trading at a premium compared to peers may deter potential buyers.
In the broader market context, the Sensex has only declined by 1.84% over the past week, indicating that Garware Hi Tech's short-term performance is significantly worse than the benchmark. The company's liquidity remains adequate, but a notable drop in delivery volume by 32.34% against the 5-day average suggests waning investor interest. While the company has a low debt-to-equity ratio and strong profit growth, the recent flat sales results and substantial declines in stock price over the past month have overshadowed these positive factors, leading to a bearish outlook in the short term.