Why is Minda Corp falling/rising?

As of 01-Aug, Minda Corporation Ltd is experiencing a decline in its stock price, currently at Rs 490.60, which reflects a decrease of Rs 6.4 or 1.29%. The stock has been on a downward trend, losing value for the last three days and showing a total decline of 4.02% during this period. It has also touched an intraday low of Rs 483.8. In terms of performance relative to benchmarks, Minda Corp has underperformed, with a 1-week return of -3.92% compared to the Sensex's -1.06%, and a 1-month return of -6.10% against the Sensex's -3.70%. While the company has a strong ability to service debt and healthy long-term growth in net sales and operating profit, recent financial metrics such as a significant drop in PAT and low ROCE indicate underlying weaknesses that may be contributing to the stock's decline.
In the broader market context, Minda Corporation's short-term performance is notably weaker than the benchmark, as indicated by its negative returns over the past week and month. The stock's liquidity appears sufficient for trading, but the negative sentiment is compounded by its low moving averages and a high PEG ratio, suggesting that the stock may be overvalued despite its strong institutional holdings. The combination of falling profits and a high enterprise value to capital employed ratio further complicates its outlook, leading to a cautious stance among investors. Overall, while there are positive aspects to the company's fundamentals, the recent financial performance and market conditions are driving the stock's current decline.