Why is MTAR Technologie falling/rising?

As of 15-Sep, MTAR Technologies Ltd is currently priced at 1,670.90, reflecting a decrease of 10.7 points or 0.64%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs 1,648, which is a 2% decline. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some underlying strength. Over the past week, MTAR Technologies has outperformed the Sensex with an 18.03% gain compared to the benchmark's 1.24%. However, its year-to-date return stands at only 1.45%, significantly lagging behind the Sensex's 4.67% return. Positive factors include high management efficiency with a ROCE of 15.98%, strong debt servicing capability, and impressive growth in net sales and profit after tax. Conversely, the stock faces challenges due to poor long-term growth, a high valuation relative to its peers, and underperformance in the last year.
Broader Market Context: In the short term, MTAR Technologies has significantly outperformed the Sensex, indicating a strong relative performance in the last week. However, the broader market context reveals that the stock has struggled over longer periods, with a 1-year return of -5.75%, compared to a slight decline in the Sensex of -1.33%. This underperformance in the long term, coupled with a high PEG ratio of 1.8, suggests that while the stock may have short-term appeal, investors are cautious about its long-term growth prospects. The high institutional holdings at 31.09% may provide some stability, but the overall sentiment remains mixed due to the stock's recent price decline and its historical performance against broader market indices.