Why is Kolte Patil Dev. falling/rising?

As of 20-Aug, Kolte Patil Developers Ltd is experiencing a decline in its stock price, currently at 405.85, which reflects a decrease of 4.8 or 1.17%. The stock has underperformed its sector today by 1.36%, reaching an intraday low of Rs 399.1, which is a drop of 2.81%. Despite this short-term decline, the stock has shown a positive performance over the past year, generating a return of 12.63%, while profits have significantly increased by 176.4%. The company maintains a healthy long-term growth outlook, with an operating profit growth rate of 60.80% and an attractive valuation indicated by a PEG ratio of 0.3.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 1.64% over the past week. While the stock has shown strong returns year-to-date at 14.00%, its recent decline may be attributed to short-term market fluctuations and investor sentiment. The stock remains liquid, with increased delivery volume suggesting rising investor participation, which could indicate a potential for recovery despite the current downturn. Overall, while the stock is facing short-term challenges, its long-term fundamentals remain strong.