Why is Grauer & Weil falling/rising?

As of 07-Jul, Grauer & Weil (India) Ltd is experiencing a decline in its stock price, currently at 102.75, reflecting a decrease of 0.85 or 0.82%. The stock has underperformed its sector by 0.52% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.06% during this period. Despite a strong performance over the past year with a return of 20.54%, the stock's recent movement is influenced by poor quarterly results, including a significant drop in PAT and operating profit, which may have raised concerns among investors. Additionally, the stock's high valuation relative to its peers, indicated by a Price to Book Value of 5 and a PEG ratio of 4, suggests that it may be considered expensive, further contributing to the downward pressure.
In the broader market context, the stock's short-term performance has been weaker than the benchmark, with a 1-week return of -0.42% compared to the Sensex's -0.20%. While the stock has shown impressive long-term growth, outperforming the BSE500 over the last three years, the recent negative financial results and low domestic mutual fund interest, holding only 0.02% of the company, indicate a lack of confidence in its future growth prospects. This combination of factors has led to a cautious sentiment among investors, contributing to the stock's current decline.