Why is PG Electroplast falling/rising?

As of 12-Aug, PG Electroplast Ltd's stock price is currently at 515.35, reflecting an increase of 9.85 or 1.95%. Today's price summary indicates that the stock has outperformed its sector by 3.12% and has experienced a trend reversal after four consecutive days of decline, reaching an intraday high of Rs 536.9. However, despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant decline of 34.89%, while it has outperformed the benchmark Sensex over the last year with a return of 16.42%. The company has shown healthy long-term growth with net sales increasing at an annual rate of 50% and operating profit at 74.19%. However, recent flat results and a decrease in promoter confidence, with a 5.65% reduction in their stake, may be contributing to mixed sentiments surrounding the stock.
Broader market context shows that while PG Electroplast has faced a sharp decline in the short term, the benchmark Sensex has only decreased by 0.59% over the same period. This indicates that the stock's recent performance is significantly worse than the broader market. Despite the negative short-term trends, the stock has demonstrated consistent returns over the past three years, outperforming the BSE500 in each of the last three annual periods. However, the stock's expensive valuation, indicated by a Price to Book Value of 5.2, and the recent decline in profits, with a 20% drop in PAT, suggest that investors may be cautious moving forward.