Why is Minda Corp falling/rising?

As of 31-Jul, Minda Corporation Ltd's stock price is currently at Rs 497.00, reflecting a decrease of Rs 10.35 or 2.04%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.77% during this period. Additionally, Minda Corporation's performance over the past week and month shows declines of 3.41% and 4.87%, respectively, while it has generated a modest return of 0.33% over the past year. The company's financial metrics indicate a strong ability to service debt and healthy long-term growth; however, recent quarterly profit after tax has fallen significantly by 24.1%, and the return on capital employed is at its lowest, contributing to the stock's negative movement.
In the broader market context, Minda Corporation's short-term performance has lagged behind the benchmark Sensex, which has declined by only 1.22% over the past week. Despite the stock's historical outperformance over three years, the recent downturn is exacerbated by a high PEG ratio of 3.8, indicating an expensive valuation relative to its earnings growth. The stock's liquidity remains adequate, with rising investor participation noted, but the overall sentiment appears to be cautious due to the recent drop in profitability and lower operating profit to interest ratios.