Why is Gravita India falling/rising?

As of 13-Aug, Gravita India Ltd's stock price is currently at Rs 1,782.00, reflecting a slight increase of 1.8 (0.1%). Today's performance indicates that the stock has underperformed its sector by 1.32%, despite reaching an intraday high of Rs 1,820, which is a 2.24% increase. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 30.47% compared to the 5-day average. Over the past week, the stock has decreased by 0.36%, while it has shown a modest gain of 2.51% over the past month. However, year-to-date, the stock has significantly underperformed with a decline of 18.69%.
In the broader market context, Gravita India's recent performance contrasts with the Sensex, which has remained relatively stable with a minimal change of -0.01% over the past week. The company's strong management efficiency, evidenced by a high ROCE of 20.88% and a low Debt to EBITDA ratio of 1.36, indicates solid operational health. However, the stock's expensive valuation, reflected in a Price to Book Value of 6.3, and a decrease in promoter confidence, with a 3.39% reduction in their stake, may be contributing to investor hesitance. Despite positive financial results over the last three quarters, including a 21.53% growth in net sales, the stock's negative returns over the past year and a PEG ratio of 1.6 suggest that the market may be pricing in concerns about future growth potential.