Why is Manaksia Coated falling/rising?

As of 30-Jul, Manaksia Coated Metals & Industries Ltd is experiencing a decline in its stock price, currently at 160.40, down by 1.25 or 0.77%. Despite this decrease, the stock has shown strong performance in the past week, with a return of 2.66%, and an impressive 149.11% increase over the last year. Today, the stock opened with a gain of 2.07% and reached an intraday high of Rs 171.45, indicating initial positive sentiment. However, it has underperformed its sector by 1.46%, and there has been a significant drop in investor participation, with delivery volume falling by 72.35% compared to the 5-day average. The company's strong financial results, including a 178.53% growth in net profit and a low debt-equity ratio, suggest underlying strength, but the stock is considered expensive with a high PEG ratio of 1.8, which may be causing some investor hesitation.
In the broader market context, while Manaksia Coated has outperformed the Sensex over various periods, including a 35.93% year-to-date return compared to the Sensex's 4.28%, the current decline may reflect a broader market sentiment that is not as favorable. The stock's recent performance, despite its strong historical returns, may be impacted by the lack of domestic mutual fund investment, indicating potential concerns about valuation or business stability. Overall, while the stock has shown remarkable long-term growth, the recent price movement suggests a complex interplay of strong fundamentals and market caution.