Why is Indo Rama Synth. falling/rising?

As of 12-Sep, Indo Rama Synthetics (India) Ltd is experiencing a decline in its stock price, currently at 53.61, reflecting a decrease of 0.95 or 1.74%. The stock has underperformed its sector by 1.16% today and has fallen after two consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.21% and 5.12%, respectively. Additionally, the company has reported strong financial results, including an 8.95% growth in net sales and a remarkable 14971.4% increase in profit after tax compared to the previous four-quarter average. The stock is trading at a discount compared to its peers, and its price-to-earnings growth (PEG) ratio of 0.1 suggests it may be undervalued.
Broader market context indicates that while Indo Rama Synthetics has faced a short-term decline, it has outperformed the benchmark Sensex over the past week and month. The Sensex has returned 1.48% in the last week and 2.08% in the last month, which highlights the stock's relative strength despite its current drop. The stock's liquidity remains adequate for trading, and the significant increase in delivery volume suggests rising investor participation. Overall, while the stock is currently falling, its strong fundamentals and historical performance indicate potential for recovery in the longer term.