Why is Mindteck (India) falling/rising?

As of 12-Jun, Mindteck (India) Ltd is experiencing a decline in its stock price, currently at Rs 239.70, reflecting a decrease of Rs 8.3 or 3.35%. The stock has underperformed its sector today by 2.37% and has been on a downward trend for the last three days, accumulating a total decline of 6%. The stock touched an intraday low of Rs 238.15 and has seen a significant drop in delivery volume, which fell by 53.01% compared to the 5-day average. Although the stock has shown positive long-term growth with a 149.48% increase over three years, it has faced challenges in the short term, including a year-to-date decline of 18.73% and a recent flat performance in quarterly results, with a PAT decrease of 8.6%.
In the broader market context, the Sensex has shown a positive return of 0.31% over the past week, contrasting with Mindteck's decline of 2.36% during the same period. This underperformance highlights the stock's struggle against the benchmark. Additionally, the lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's current valuation despite its healthy long-term growth metrics, such as a 71.28% annual growth in operating profit. The stock's premium trading compared to peers and a PEG ratio of 2.8 further complicate its attractiveness to investors, contributing to the recent price decline.