Why is Happy Forgings falling/rising?

As of 02-Sep, Happy Forgings Ltd's stock price is currently at 904.50, reflecting an increase of 5.15 or 0.57%. Today's price movement indicates a trend reversal as the stock has gained after six consecutive days of decline. Despite this uptick, the stock has underperformed in the short term, with a one-week return of -1.66% and a one-month return of -3.88%. Additionally, the stock's delivery volume has decreased significantly by 32.9% compared to the five-day average, suggesting falling investor participation. While the company maintains a low debt-to-equity ratio of 0.01, indicating financial stability, its long-term growth prospects appear poor, with a return on equity (ROE) of 14.5 and a high price-to-book value ratio of 4.6, which may deter potential investors.
In the broader market context, the stock has consistently underperformed against the benchmark, with a year-to-date return of -9.23% compared to the Sensex's positive return of 2.58%. This underperformance is further highlighted by the stock's negative returns over the past year, which stand at -23.58%, while the benchmark has only declined by 2.91%. The company's flat results in June and a high PEG ratio of 3.2 suggest that despite a 10% increase in profits, the stock may still be considered overvalued, contributing to its lack of appeal in the current market environment.