Why is Kalyani Steels falling/rising?

As of 17-Jul, Kalyani Steels Ltd is experiencing a decline in its stock price, currently at 910.10, reflecting a decrease of 10.9 points or 1.18%. The stock has underperformed its sector by 1.65% today and has fallen after two consecutive days of gains. In terms of returns, Kalyani Steels has shown a negative performance over the past week at -1.61%, while it has slightly improved by 0.67% over the past month. Despite a strong performance in its most recent quarterly results, where net sales and operating profit reached record highs, the stock has struggled with a year-to-date decline of 21.95% and a one-year return of -8.80%, indicating ongoing challenges despite some positive financial indicators.
Broader market context shows that Kalyani Steels' recent performance contrasts with the Sensex, which has a slight decline of 1.12% over the past week but has gained 5.27% year-to-date. This suggests that while the broader market is experiencing some volatility, Kalyani Steels is facing more significant challenges. The company's low debt-to-equity ratio and fair valuation metrics, including a Price to Book Value of 2.1, indicate a stable financial position, yet the stock's premium valuation compared to peers and a high PEG ratio of 7 may be contributing to investor caution, leading to its recent price decline.