Why is Happy Forgings falling/rising?

As of 05-Sep, Happy Forgings Ltd is experiencing a decline in its stock price, currently at 877.75, which represents a decrease of 14.25 or 1.6%. The stock has underperformed its sector by 1.99% today and has been on a downward trend, losing 3.1% over the last two days. It reached an intraday low of Rs 873.95, and trading activity indicates that more volume was concentrated near this low price. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also significantly decreased, falling by 64.81% compared to the 5-day average, indicating reduced investor participation. Despite having a low debt-to-equity ratio, the company has shown poor long-term growth, with operating profit growth at only 19.50% over the last five years and a high Price to Book Value ratio of 4.5, contributing to its recent price decline.
In the broader market context, Happy Forgings has underperformed against the benchmark, with a 1-week return of -3.44% compared to the Sensex's gain of 1.13%. Over the past year, the stock has generated a return of -25.85%, while the benchmark has only declined by 1.81%. This consistent underperformance against the BSE500 over the last three years highlights the stock's challenges in attracting investor confidence, especially given its flat results in June and a high PEG ratio of 3.1, indicating that the stock may be overvalued relative to its earnings growth.