Why is MTAR Technologie falling/rising?

As of 06-Nov, MTAR Technologies Ltd is experiencing a decline in its stock price, currently at 2,355.00, reflecting a decrease of 171.85 points or 6.8%. Today's price summary indicates that the stock opened significantly lower, with a gap down of 9.9%, and reached an intraday low of Rs 2,276.75. Despite a strong performance over the past year with a return of 41.20%, the stock has underperformed its sector today by 5.72%. The company has high institutional holdings at 34.01%, which have increased by 2.92% over the previous quarter, suggesting a level of confidence from institutional investors. However, the company has reported negative results recently, including a 13.41% fall in net sales and poor long-term growth metrics, which may be contributing to the current price decline.
In the broader market context, the stock's short-term performance has been unfavorable compared to the benchmark, with a 1-week return of -4.52% against the Sensex's -1.30%. While MTAR Technologies has shown strong returns over the longer term, its recent negative financial results and low operating profit ratios indicate underlying weaknesses that may be affecting investor sentiment. The stock's valuation appears expensive relative to its earnings growth, as evidenced by a high PEG ratio of 10, which could further deter potential buyers in the current market environment.