Why is Indian Hume Pipe falling/rising?

As of 27-Jun, Indian Hume Pipe Company Ltd's stock price is currently at 425.30, reflecting a decrease of 2.6 points, or 0.61%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite opening with a gain of 2.35% and reaching an intraday high of Rs 437.95, it underperformed its sector by 1.63% today. Over the past week, the stock has shown a positive return of 4.14%, although it has declined by 1.21% over the past month. The stock's performance has been strong over the longer term, with a year-to-date return of 17.71% and a three-year return of 193.41%. However, there has been a notable drop in investor participation, with delivery volume falling by 32.04% compared to the five-day average.
In the broader market context, the Sensex has increased by 2.00% over the past week and 3.07% over the past month, indicating that while Indian Hume Pipe has outperformed the benchmark in the short term, it is currently lagging behind in the immediate trading session. The stock's attractive valuation, with a return on capital employed (ROCE) of 13.4 and a PEG ratio of 1.3, suggests that it is trading at a discount compared to its peers. Despite the recent decline, the company has consistently generated returns, outperforming the BSE 500 over the last three years, which may support a hold recommendation for investors.