Why is Garware Hi Tech falling/rising?

As of 04-September, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at 2,888.30, which reflects a decrease of 31.7 points or 1.09%. Today's price summary indicates that the stock has underperformed its sector by 0.58% and has fallen after three consecutive days of gains. Additionally, while the stock's performance over the past week shows a positive return of 5.22%, its one-month return is down by 13.87%. The stock's delivery volume has also decreased significantly, falling by 36.72% compared to the five-day average, suggesting a decline in investor participation. Despite the company having a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the recent flat results in net sales and the stock's expensive valuation relative to peers may be contributing to the current downward trend.
In the broader market context, Garware Hi Tech's recent performance contrasts with the Sensex, which has only increased by 0.80% over the past week. The stock's year-to-date return of -42.86% starkly contrasts with the benchmark's positive return of 3.30%, indicating significant underperformance. The company's market capitalization of Rs 6,744 crore positions it as the largest in its sector, yet its annual sales represent only 7.03% of the industry, which may limit its growth potential. The combination of a high price-to-book value and a PEG ratio of 0.7, despite rising profits, suggests that investors may be cautious about the stock's valuation, further contributing to its recent price decline.