Why is Happy Forgings falling/rising?

As of 30-Sep, Happy Forgings Ltd is experiencing a decline in its stock price, currently at Rs 917.65, which reflects a decrease of Rs 39.3 or 4.11%. The stock has underperformed its sector by 3.49% today and has been on a downward trend for the past three days, accumulating a total loss of 5.6% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 36.78% compared to the 5-day average, which suggests a decline in investor interest. Over the past year, the stock has generated a return of -22.42%, while its profits have only risen by 10%, contributing to a high PEG ratio of 3.2, indicating an expensive valuation.
In the broader market context, the stock's performance over the past week shows a decline of 5.68%, while the benchmark Sensex has only decreased by 2.23%. This consistent underperformance against the benchmark over the last three years highlights the challenges faced by Happy Forgings Ltd. The company's low debt-to-equity ratio may suggest financial stability, but the poor long-term growth, with an operating profit growth rate of only 19.50% over the last five years, raises concerns. The flat results reported in June 2025 further exacerbate the situation, leading to a perception of the stock as a sell, especially given its high valuation metrics compared to its returns.