Why is Meghmani Organi. falling/rising?

As of 12-Aug, Meghmani Organics Ltd is currently priced at 85.40, reflecting a decline of 1.42 points or 1.64%. The stock has underperformed its sector today by 0.83%, with trading volume indicating a significant drop in investor participation, as the delivery volume on 11 August fell by 63.28% compared to the 5-day average. Over the past week, the stock has decreased by 5.22%, and it has also seen a substantial decline of 13.89% over the past month. Despite these short-term setbacks, the company has reported positive financial results over the last four quarters, with impressive growth in profit before tax and profit after tax, suggesting strong underlying performance that may support the stock's valuation.
In the broader market context, the Sensex has only declined by 0.59% over the past week, indicating that Meghmani Organics Ltd's performance is lagging behind the benchmark. While the stock has generated a negative return of 7.17% over the past year, it has seen a significant increase in profits, which could suggest that the stock is undervalued compared to its peers. The company's attractive valuation metrics, including a low PEG ratio, imply that there may be potential for recovery in the long term, despite the current downward trend in stock price.