Why is Loyal Equipments falling/rising?

As of 23-Sep, Loyal Equipments Ltd is experiencing a price increase, with its current price at Rs 219.40, reflecting a rise of 1.85 (0.85%). Today's price summary indicates that the stock has outperformed its sector by 0.39% and has shown a trend reversal after four consecutive days of decline, reaching an intraday high of Rs 224, which is a 2.96% increase. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 35.65% compared to the 5-day average. Despite a high return on capital employed (ROCE) of 17.02% and a low debt-to-equity ratio of 0.41, the company has faced challenges such as poor long-term growth and flat results in recent quarters, which may contribute to the stock's volatility.
In the broader market context, Loyal Equipments has underperformed significantly compared to the benchmark, with a year-to-date return of -20.22% against a 5.07% increase in the Sensex. Over the past year, while the stock has declined by 24.34%, the market has only fallen by 3.33%, indicating a substantial divergence in performance. This underperformance, combined with the company's expensive valuation reflected in its price-to-book ratio of 4.6 and a high PEG ratio of 3, suggests that investor sentiment may be cautious despite today's price increase. Overall, while there are some positive factors, the stock's recent movement appears to be influenced by a mix of short-term recovery and long-term concerns.