Why is Jupiter Wagons falling/rising?

As of 04-Aug, Jupiter Wagons Ltd is experiencing a price increase, currently at Rs 341.70, reflecting a rise of 5.6 points or 1.67%. Today's price summary indicates that the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 343.05. However, it is important to note that the stock has underperformed its sector by 0.55% today and is trading below its moving averages across various time frames. Over the past year, Jupiter Wagons has seen a significant decline of 43.89%, despite a healthy growth in net sales and operating profit, which have increased at annual rates of 49.83% and 79.40%, respectively. The company maintains a low debt-to-equity ratio of 0.08, but it faces challenges such as flat results in March and a relatively high PEG ratio of 3.2, indicating an expensive valuation compared to its earnings growth.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, while Jupiter Wagons has slightly underperformed with a decline of 0.13% in the same period. The stock's year-to-date performance is notably poor, with a drop of 31.79%, contrasting sharply with the Sensex's gain of 3.69%. Despite the recent uptick in price, the overall trend suggests that Jupiter Wagons has struggled significantly compared to the broader market, particularly over the last year, where it has underperformed against the BSE500, which recorded a negative return of 2.34%. This context highlights the challenges the company faces in regaining investor confidence despite some positive indicators in its financial performance.