Why is Happy Forgings falling/rising?

As of 03-Sep, Happy Forgings Ltd is currently priced at 905.85, reflecting a slight increase of 1.35 (0.15%). The stock has shown a positive trend recently, gaining for the last two days with a total return of 0.72%. However, it has underperformed in the longer term, with a 1-week return of -1.52% and a 1-month return of -3.74%. The stock's delivery volume has significantly decreased by 70.85% compared to the 5-day average, indicating falling investor participation. While the company maintains a low debt-to-equity ratio of 0.01, which is a positive factor, it has faced challenges such as poor long-term growth and a high valuation reflected in its PEG ratio of 3.2.
In the broader market context, Happy Forgings has underperformed against the benchmark, as evidenced by its year-to-date return of -9.10% compared to the Sensex's positive return of 3.11%. This consistent underperformance over the past year, coupled with flat results in June and a return of -23.00% over the last year, suggests that the stock is struggling to attract investor confidence. Despite its recent minor gains, the overall trend indicates a lack of robust growth and investor interest, which may contribute to the stock's volatility in the market.