Why is Godrej Agrovet falling/rising?

As of 28-Jul, Godrej Agrovet Ltd. is currently priced at 834.35, reflecting a decrease of 4.3 points or 0.51%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.28% during this period. Despite this short-term downturn, the stock has shown positive performance over the past week and month, with returns of 3.65% and 6.21%, respectively. Additionally, Godrej Agrovet is trading above its moving averages across various time frames, indicating a generally strong position. However, there has been a notable decline in investor participation, with delivery volume dropping by 54.61% compared to the 5-day average. The stock's valuation remains attractive, with a return on capital employed (ROCE) of 15.8 and a PEG ratio of 1.9, suggesting that it is trading at a discount relative to its peers.
In the broader market context, Godrej Agrovet's recent performance contrasts with the benchmark Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. This indicates that while the stock is experiencing a short-term decline, it has still managed to outperform the broader market in the near term. Furthermore, Godrej Agrovet has demonstrated strong long-term performance, outperforming the BSE500 over the last three years, one year, and three months, which may provide a buffer against current volatility. Overall, while the stock is facing short-term challenges, its long-term fundamentals and relative performance against the market suggest potential resilience.