Why is J Kumar Infra falling/rising?

As of 18-Aug, J Kumar Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs 665.20, reflecting a decrease of 2.8 points or 0.42%. The stock opened the day with a gain of 4.64% and reached an intraday high of Rs 699, but has since fallen after two consecutive days of gains. Over the past week, the stock has decreased by 0.79%, and it has shown a significant decline of 8.90% over the past month and 22.47% over the past year, despite a healthy growth in operating profit of 26.29% annually. The stock is currently trading below all its moving averages, indicating a bearish trend, and there has been a notable drop in investor participation, with delivery volume falling by 50.04% against the five-day average. However, the company maintains a low debt-to-equity ratio and has high institutional holdings, which may provide some support for the stock.
In the broader market context, the Sensex has increased by 0.83% over the past week, contrasting with J Kumar Infraprojects' decline. While the stock has underperformed relative to the benchmark, it has shown strong performance over a three-year period, with a return of 107.45% compared to the Sensex's 34.79%. The stock's current valuation appears attractive, trading at a discount to its peers, and its PEG ratio of 0.7 suggests potential for growth relative to its earnings. Despite these positive factors, the recent price movement indicates that investor sentiment may be cautious, influenced by the stock's recent performance and declining trading volume.