Why is Godrej Agrovet falling/rising?

As of 04-Aug, Godrej Agrovet Ltd. is experiencing a decline in its stock price, currently at 811.90, reflecting a decrease of 2.1 points or 0.26%. The stock has underperformed its sector today, continuing a trend of consecutive falls over the last two days, resulting in a total decline of 4.16%. Despite this recent downturn, the stock has shown a positive performance over the past month with a return of 3.96%, although it has underperformed the benchmark Sensex, which has decreased by 2.89% during the same period. The stock's moving averages indicate that it is trading higher than the 20-day, 50-day, 100-day, and 200-day averages, but lower than the 5-day average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 34.39% compared to the 5-day average, suggesting some underlying interest despite the price drop.
In the broader market context, Godrej Agrovet's recent performance contrasts with the Sensex, which has shown a slight increase of 0.16% over the past week. While the stock has generated a negative return of 1.37% over the past year, it has seen a significant profit increase of 19.5%, indicating a potentially attractive valuation with a return on capital employed (ROCE) of 15.8 and a PEG ratio of 1.9. The stock is currently trading at a discount compared to its peers' historical valuations, which may suggest that the recent price decline could be an opportunity for investors looking for value. However, the overall market sentiment and the stock's recent performance indicate a cautious outlook in the short term.