Why is Loyal Equipments falling/rising?

As of 22-Sep, Loyal Equipments Ltd is currently priced at 219.95, reflecting an increase of 2.1 (0.96%). Today, the stock has shown a trend reversal after three consecutive days of decline, outperforming its sector by 1.52%. However, it opened with a loss of 2.91% and reached an intraday low of Rs 211.5. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 30.72% against the 5-day average. Despite high management efficiency and a low debt-to-equity ratio, the company has shown poor long-term growth, with net sales growing at an annual rate of only 14.52% over the past five years, contributing to its recent price movements.
In the broader market context, Loyal Equipments has underperformed significantly compared to the benchmark, with a 1-week return of -0.48% against the Sensex's +0.46%. Over the past year, the stock has declined by 23.09%, while the broader market has only fallen by 2.82%. This stark contrast highlights the challenges the company faces in attracting investor confidence, especially given its flat results in June and a high price-to-book value ratio of 4.6, which suggests it may be overvalued compared to its peers. The combination of these factors indicates that while there may be short-term gains, the long-term outlook remains concerning, contributing to the stock's volatility and recent price fluctuations.