Why is Maithan Alloys falling/rising?

As of 02-Jul, Maithan Alloys Ltd. is experiencing a decline in its stock price, currently at Rs 1,216.60, which reflects a decrease of Rs 18.4 or 1.49%. The stock has fallen after two consecutive days of gains, touching an intraday low of Rs 1,204.9. Despite this recent drop, the stock has shown positive performance over the past month with an increase of 8.44%, although it has underperformed relative to the Sensex, which gained 2.50% in the same period. The stock is trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally positive trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 7.1% compared to the 5-day average.
In the broader market context, while Maithan Alloys has seen a year-to-date return of 9.60%, it has lagged behind the Sensex, which has returned 6.75% over the same period. The company's low debt-to-equity ratio and attractive valuation, with a price-to-book value of 0.9 and a return on equity of 16.8, suggest a solid financial position. Despite the recent decline, the stock's profits have risen significantly by 80.6% over the past year, leading to a favorable PEG ratio of 0.1. However, the stock's premium valuation compared to peers may be contributing to the current price movement, as investors weigh these factors against the recent drop in trading activity.