Why is Hind Rectifiers falling/rising?

As of 29-Aug, Hind Rectifiers Ltd is experiencing a decline in its stock price, currently at Rs 1,514.60, reflecting a decrease of Rs 41.4 or 2.66%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 25.6% during this period. It opened the day with a loss of 2.15% and reached an intraday low of Rs 1,505. Despite having higher moving averages over the 100-day and 200-day periods, it is currently below the 5-day, 20-day, and 50-day moving averages. The stock's performance over the past week and month shows declines of 8.34% and 11.51%, respectively, while it has generated a notable return of 56.29% over the past year. However, the recent drop in delivery volume by 60.98% against the 5-day average indicates falling investor participation, which may contribute to the stock's downward trend.
In the broader market context, Hind Rectifiers' short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 1.84% over the past week. While the company has reported strong financial results, including an 84.85% growth in net profit and consistent returns over the last three years, its high valuation metrics and lack of domestic mutual fund investment may raise concerns among investors. The stock's PEG ratio of 0.8 suggests it is undervalued relative to its earnings growth, yet the absence of significant mutual fund interest could indicate a lack of confidence at current price levels. This combination of strong past performance but current investor hesitation may be contributing to the stock's recent decline.