Why is Gravita India falling/rising?

As of 03-Jul, Gravita India Ltd's stock price is currently at 1,843.15, reflecting a decrease of 10.75 points or 0.58%. The stock's performance today is in line with the sector, although it has shown mixed results in the short term, with a 1-week return of +1.83% while experiencing a decline of -0.91% over the past month. The stock is trading higher than its 5-day, 20-day, and 100-day moving averages but lower than its 50-day and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 65.21% against the 5-day average. Despite these challenges, the company has demonstrated strong management efficiency and a healthy ability to service debt, which could support its long-term growth prospects.
In the broader market context, Gravita India has outperformed the benchmark Sensex over the past year, generating a return of 27.02% compared to the Sensex's 4.07%. However, the stock has underperformed in the year-to-date period, with a decline of 15.90% against the Sensex's gain of 6.53%. While the company has shown consistent returns and strong financial metrics, such as a high return on capital employed and significant net profit growth, it faces risks due to its relatively expensive valuation and a high PEG ratio. These factors may contribute to the stock's recent price decline despite its positive long-term outlook.