Why is India Nipp.Elec. falling/rising?

As of 30-Oct, India Nippon Electricals Ltd is experiencing a decline in its stock price, currently at 971.30, which reflects a decrease of 14.7 points or 1.49%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total drop of 5.12% during this period. Today, it opened with a loss of 2.09% and reached an intraday low of Rs 965.4. Despite a strong performance over the past year with a return of 39.61% and healthy growth in operating profit, the stock is currently facing challenges such as falling investor participation, with delivery volume down by 48.26% compared to the five-day average. The stock's moving averages indicate it is above the 50-day, 100-day, and 200-day averages but below the 5-day and 20-day averages, suggesting mixed short-term momentum.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -3.17% compared to the Sensex's -0.18%. While the company has demonstrated consistent long-term growth and a favorable debt-to-equity ratio, these positive factors are currently overshadowed by the recent price declines and reduced trading activity. The stock's premium valuation relative to peers and a PEG ratio of 0.9 indicate that while it may be fairly valued, the current market sentiment is not reflecting this strength, contributing to the recent downward pressure on its price.