Why is Grauer & Weil falling/rising?

As of 27-Jun, Grauer & Weil (India) Ltd is experiencing a decline in its stock price, currently at Rs 103.56, which reflects a decrease of Rs 1.86 or 1.76%. The stock has been underperforming, having fallen for the last two consecutive days, resulting in a total decline of 4.37%. Despite opening with a gain of 2.02% and reaching an intraday high of Rs 107.55, the stock's performance today has been characterized by a weighted average price closer to its low, indicating weaker trading activity. Over the past week, the stock has shown a positive return of 7.62%, and over the last month, it has increased by 27.88%. However, its year-to-date return is slightly negative at -0.14%. The company has a low debt-to-equity ratio and has consistently outperformed the BSE 500 over the last three years, generating a 17.03% return in the past year. Nonetheless, concerns regarding poor long-term growth, as evidenced by low net sales growth and disappointing quarterly results, may be contributing to the stock's recent downward movement.
In the broader market context, Grauer & Weil's recent performance has been weaker compared to the benchmark Sensex, which has gained 2.00% over the past week and 3.07% over the past month. The stock's current decline may reflect investor sentiment influenced by its high valuation relative to peers, as indicated by a PEG ratio of 4, and the limited interest from domestic mutual funds, which hold only 0.02% of the company. This lack of confidence from institutional investors could signify apprehension regarding the stock's price sustainability, especially in light of its recent negative quarterly results and the overall market's positive trajectory.