Why is Kennametal India falling/rising?

As of 23-Sep, Kennametal India Ltd is experiencing a decline in its stock price, currently at 2,124.90, reflecting a decrease of 6.95 points or 0.33%. The stock has been underperforming recently, having fallen consecutively for the last two days, with a total return of -1.62% over the past week. Additionally, it is trading below all its moving averages, indicating a bearish trend. Despite a healthy long-term growth rate in operating profit of 36.43%, the stock's recent performance has been hampered by a significant decline of 33.68% over the past year, alongside a high PEG ratio of 35.6, suggesting an expensive valuation relative to its earnings growth.
In the broader market context, Kennametal India has underperformed against the Sensex, which has shown a slight decline of 0.34% over the past week. While the stock has outperformed its sector by 0.33% today, its overall returns have been consistently negative compared to the benchmark over the last three years. This consistent underperformance, coupled with flat results in June and a low debt-to-equity ratio, reflects investor concerns about the company's valuation and growth prospects, contributing to the stock's downward movement.