Why is Meera Industries falling/rising?

As of 15-Sep, Meera Industries Ltd is experiencing a decline in its stock price, currently at 67.38, reflecting a decrease of 0.29, or 0.43%. The stock has underperformed its sector today, with a consecutive fall over the last three days resulting in a total decline of 3.84%. In terms of performance against benchmarks, the stock has shown a negative return of 0.77% over the past week and 0.27% over the past month, while it has significantly underperformed year-to-date with a drop of 11.08%. Although the stock has generated a positive return of 7.91% over the past year, its long-term fundamentals appear weak, with a low average Return on Equity (ROE) of 7.13% and modest growth in net sales and operating profit over the last five years.
Broader market context indicates that while the stock has struggled, the benchmark Sensex has gained 1.24% in the past week and 1.47% in the past month, highlighting a stark contrast in performance. The broader market has also shown positive returns year-to-date at 4.67%, further emphasizing the stock's underperformance. Additionally, the stock's liquidity has been impacted, with a significant drop in delivery volume, suggesting reduced investor participation. Despite an attractive valuation and a favorable PEG ratio, the stock's recent price movement reflects ongoing concerns about its long-term growth potential and fundamental strength, contributing to its current downward trend.