Why is Murudesh.Ceramic falling/rising?

As of 18-Jul, Murudeshwar Ceramics Ltd is currently priced at 46.00, reflecting a decrease of 0.1, or 0.22%. The stock has been experiencing a slight decline, having fallen for the last two consecutive days with a total return of -1.2% during this period. However, it has outperformed its sector by 0.41% today. Over the past week, the stock has shown a positive return of 1.88%, and over the past month, it has increased by 8.62%. Notably, the company has reported positive results for the last three consecutive quarters, with significant increases in net sales and profitability, which may support investor confidence despite the recent price drop.
In the broader market context, while the Sensex has decreased by 0.90% over the past week, Murudeshwar Ceramics has managed to outperform this benchmark. Despite a year-to-date decline of 9.80% compared to the Sensex's gain of 4.63%, the stock's long-term performance remains strong, with a 95.33% increase over the past three years. The stock is trading at a discount compared to its peers, and its attractive valuation metrics, including a PEG ratio of 0.4, suggest potential for recovery. This combination of factors indicates that while the stock is currently facing short-term challenges, its fundamentals remain solid, which could lead to a rebound in investor sentiment.