Why is Incredible Indus falling/rising?

As of 22-Sep, Incredible Industries Ltd's stock price is currently at Rs 46.01, reflecting a decrease of Rs 1.98 or 4.13%. Today's price summary indicates that the stock has underperformed its sector by 3.76%, with an intraday low of Rs 46, which represents a decline of 4.15%. Despite a strong performance over the past month with a return of 16.19%, the stock has seen a year-to-date decline of 0.30%. The company has reported positive financial results over the last four quarters, with a significant growth in profit after tax and profit before tax, contributing to an attractive valuation. However, the stock's recent decline may be influenced by its current trading performance and the fact that it is lower than the 5-day moving averages, despite being above longer-term averages.
In the broader market context, while Incredible Industries Ltd has shown a robust return of 4.10% over the past week, the benchmark Sensex has only increased by 0.46% during the same period. This indicates that the stock has been performing well relative to the market recently, although the current decline suggests a short-term correction. The company's strong financial metrics, including a PEG ratio of 0.1 and a return on equity of 10, suggest that it is undervalued compared to its peers, which could support future price recovery. However, the recent drop in stock price may reflect market volatility or investor sentiment shifting despite the positive fundamentals.