Why is Orient Electric falling/rising?

As of 16-Sep, Orient Electric Ltd. is currently priced at 204.95, reflecting an increase of 2.35 or 1.16%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has underperformed against the benchmark Sensex over various periods, including a year-to-date return of -11.68% compared to the Sensex's +5.43%. Despite a significant profit increase of 56.6% over the past year, the stock's return has been negative, contributing to a PEG ratio of 0.9, suggesting it is undervalued relative to its earnings growth. Additionally, while the company boasts a high management efficiency with a return on equity of 16.82% and low debt levels, the overall growth in net sales and operating profit has been modest, which may be contributing to investor caution.
In the broader market context, the stock's recent performance has been lackluster compared to the Sensex, which has gained 1.58% over the past week while Orient Electric has declined by 0.15%. This consistent underperformance against the benchmark over the last three years, coupled with falling investor participation—evidenced by a 38.64% drop in delivery volume—suggests a lack of confidence among investors. The high institutional holdings at 35.05% may provide some stability, but the overall sentiment appears to be cautious due to the company's flat quarterly results and poor long-term growth prospects.