Why is Kalyani Steels falling/rising?

As of 24-Jul, Kalyani Steels Ltd is experiencing a decline in its stock price, currently at 916.25, reflecting a decrease of 4.3 points or 0.47%. The stock has underperformed its sector by 0.8% today, and while it has shown a positive return of 0.68% over the past week and 5.92% over the past month, it has a significant year-to-date decline of 21.42%. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages but below its 5-day and 20-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 16.48% compared to the 5-day average, indicating reduced trading interest. Despite the company reporting strong quarterly results with the highest net sales and operating profit margins, the stock's performance over the past year remains negative at -1.40%, although profits have increased by 2.3%.
In the broader market context, Kalyani Steels' short-term performance has outpaced the Sensex, which has seen a slight decline of 0.09% over the past week. However, the stock's year-to-date performance starkly contrasts with the Sensex's gain of 5.18%, highlighting a significant underperformance in the longer term. The company's low debt-to-equity ratio and fair valuation, alongside a premium trading status compared to peers, suggest some underlying strength. Nonetheless, the high PEG ratio of 7 indicates that the stock may be overvalued relative to its earnings growth, contributing to the current price decline.