Why is KSB falling/rising?

As of 17-Jul, KSB Ltd's stock price is currently at 878.50, reflecting an increase of 8.05, or 0.92%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 86.36% compared to the 5-day average. Over the past week, KSB has outperformed the Sensex, gaining 4.33% while the index fell by 1.12%. Despite a negative return of -11.44% over the past year, the company has shown healthy long-term growth with an annual operating profit increase of 25.97% and a positive operating cash flow of Rs 187.15 Cr.
In the broader market context, KSB's recent performance contrasts with the Sensex, which has seen a modest gain of 0.83% over the past month. While the stock has underperformed the market over the last year, its strong fundamentals, such as a low debt-to-equity ratio and growth in profits, suggest potential for recovery. However, the stock's high valuation, indicated by a Price to Book Value of 10.3 and a PEG ratio of 3, raises concerns about its sustainability in the current market environment. Overall, while KSB Ltd is experiencing a rise in price, the significant drop in trading volume and its historical underperformance compared to the broader market may temper investor enthusiasm.