Why is Jash Engineering falling/rising?

As of 19-Sep, Jash Engineering Ltd's stock price is rising, currently at Rs 526.40, reflecting an increase of Rs 11.1 or 2.15%. The stock has shown a positive performance today, outperforming its sector by 2.21%, and has touched an intraday high of Rs 526.45. Over the past week, the stock has appreciated by 1.87%, and over the past month, it has risen by 2.09%. However, it is important to note that the stock is still 4.18% away from its 52-week low. Despite a strong ability to service debt indicated by a low Debt to EBITDA ratio of 0.58 times and healthy long-term growth with an annual operating profit increase of 32.81%, the company has reported significant declines in profit before tax and profit after tax for the recent quarter, which may raise concerns among investors.
In the broader market context, Jash Engineering's short-term performance has outpaced the Sensex, which has gained only 0.88% over the past week. Despite this, the stock's valuation appears expensive with a Price to Book Value of 7.5, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current price or business prospects. The stock's performance over the past year has been flat, generating a return of 0.00%, while profits have increased by 16.3%, resulting in a PEG ratio of 2.5, which may indicate that the stock is overvalued relative to its growth. The falling investor participation, with a significant drop in delivery volume, further complicates the outlook for the stock.