Why is M B Agro Prod. falling/rising?

As of 25-Jul, Madhya Bharat Agro Products Ltd is experiencing a decline in its stock price, currently at 429.70, which reflects a decrease of 4.7 or 1.08%. Despite this recent drop, the stock has shown strong performance over the past week and month, with returns of 1.39% and 2.60%, respectively. The company is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 54.65% compared to the 5-day average. The company has reported impressive growth metrics, including a 145.52% increase in net profit and a 52.40% annual growth rate in net sales, which have contributed to its strong long-term performance, outperforming benchmarks significantly over various periods.
In the broader market context, while the stock has shown resilience and outperformed the Sensex in the long term, it is currently facing a slight downturn. The stock's recent performance contrasts with the Sensex, which has seen a decline of 0.53% over the past week. Despite the company's robust financial results and growth potential, concerns about its expensive valuation and lack of domestic mutual fund investment may be influencing investor sentiment negatively. The stock's PEG ratio of 0.3 suggests it is undervalued compared to its earnings growth, but the absence of domestic mutual fund interest could indicate a lack of confidence at current price levels.