Why is Jyoti Resins falling/rising?

As of 10-Sep, Jyoti Resins and Adhesives Ltd is experiencing a decline in its stock price, currently at 1,269.45, which reflects a decrease of 10.55 points or 0.82%. The stock has underperformed its sector by 1.4% today and has fallen after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased by 22.56% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, the stock has generated a return of -12.36%, while its profits have only risen by 3.4%, contributing to a high PEG ratio of 5.9, which indicates that the stock may be overvalued.
In the broader market context, the stock's performance over the past week shows a decline of 0.59%, while the Sensex has increased by 1.06%. This consistent underperformance against the benchmark over the last three years, coupled with a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, creates a complex picture. Despite these positive factors, the flat results reported for June, including a significant drop in operating profit to net sales, have raised concerns among investors. The absence of domestic mutual fund investment, which may indicate a lack of confidence in the stock's valuation, further exacerbates the situation, leading to a cautious outlook for Jyoti Resins.