Why is Kaveri Seed Co. falling/rising?

As of 29-Jul, Kaveri Seed Company Ltd is experiencing a decline in its stock price, currently at 1,112.55, reflecting a decrease of 22.9 points or 2.02%. Today's price summary indicates that the stock opened significantly lower, with a loss of 4.35%, and reached an intraday low of Rs 1086.05. The stock has underperformed its sector by 2.63% today, and there has been a notable drop in investor participation, with delivery volume falling by 20.01% against the 5-day average. Over the past week, Kaveri Seed has seen a slight decline of 0.86%, and its performance over the last month shows a more substantial decrease of 5.16%. Despite a strong year-to-date return of 27.16%, the stock's profits have decreased by 5.8% over the past year, contributing to its current valuation challenges.
In the broader market context, Kaveri Seed's recent performance contrasts with the benchmark Sensex, which has declined by 1.03% over the past week and 3.24% over the past month. While the stock has shown strong long-term growth, with a 129.30% increase over three years, its current struggles may be attributed to a combination of falling profits and a high PEG ratio of 8.8, indicating that the stock may be overvalued relative to its earnings growth. Additionally, despite high institutional holdings at 23.22%, which typically suggests confidence in the company's fundamentals, the recent decline in delivery volumes and the stock's performance relative to its moving averages indicate a cautious sentiment among investors.