Why is Meera Industries falling/rising?

As of 03-Sep, Meera Industries Ltd is experiencing a decline in its stock price, currently at 67.40, reflecting a decrease of 0.49 or 0.72%. The stock has underperformed its sector by 1.04% today, and its delivery volume has fallen by 14.3% against the 5-day average, indicating a decrease in investor participation. Although the stock has generated a return of 5.99% over the past year, its long-term fundamentals show weakness, with a Return on Equity (ROE) of 7.13% and modest growth in net sales and operating profit over the last five years. Despite an attractive valuation with a low PEG ratio of 0.3 and a strong profit increase of 59.2%, the stock's performance has been hindered by flat results in June and a lack of robust long-term growth.
In the broader market context, Meera Industries has underperformed compared to the benchmark, with a 1-week return of -4.73% against the Sensex's -0.27%. While the stock has outperformed the market over the past year, its year-to-date performance shows a significant decline of 11.06%, contrasting sharply with the Sensex's gain of 3.11%. This disparity highlights the stock's recent struggles despite its historical performance and attractive valuation metrics, suggesting that investor sentiment may be influenced by concerns over its long-term growth potential.