Why is Incredible Indus falling/rising?

As of 18-Sep, Incredible Industries Ltd is currently priced at 47.17, reflecting a decrease of 0.32, or 0.67%. The stock has underperformed its sector by 1.07% today and has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has shown strong performance over the past week and month, with returns of 1.99% and 19.18%, respectively. Additionally, the company has reported positive financial results over the last four quarters, with a significant growth in profit after tax and profit before tax, indicating strong underlying performance. The stock is also trading at a discount compared to its peers, supported by a favorable PEG ratio of 0.1, which suggests attractive valuation metrics.
In the broader market context, the stock's recent performance has outpaced the benchmark Sensex over the past week and month, where the Sensex has returned 1.80% and 2.14%, respectively. However, year-to-date, Incredible Industries has lagged behind the benchmark with a return of 2.21% compared to the Sensex's 6.24%. The rising investor participation, evidenced by a substantial increase in delivery volume, suggests a growing interest in the stock, which may help stabilize its price in the future. Nonetheless, the current price decline indicates a short-term correction despite the overall positive financial outlook and strong historical performance relative to the market.