Why is Nila Infrastruct falling/rising?

As of 15-Jul, Nila Infrastructures Ltd's stock price is currently at 12.85, reflecting a decrease of 0.03 or 0.23%. The stock has been underperforming recently, having fallen for the last two days with a total return decline of 1%. However, it is noteworthy that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 143.98% against the 5-day average. Despite a year-over-year return of -10.20%, the company has shown strong financial performance with a 38.29% growth in net profit and positive results for the last nine consecutive quarters, which may support its valuation despite the recent price decline.
In the broader market context, Nila Infrastructures has outperformed the Sensex in the short term, with a 1-week return of +3.63% compared to the benchmark's -1.36%. This indicates that while the stock is currently experiencing a slight decline, it has been performing better than the market overall in recent weeks. The company's attractive valuation, with a price-to-book ratio of 3.1 and a PEG ratio of 0.3, suggests that it is trading at a discount relative to its peers, which could provide a buffer against further declines. Overall, while the stock is facing short-term challenges, its strong fundamentals and positive financial metrics may contribute to a more favorable outlook in the longer term.