Why is PG Electroplast falling/rising?

As of 13-Aug, PG Electroplast Ltd is experiencing a decline in its stock price, currently at Rs 486.10, reflecting a decrease of Rs 29.25 or 5.68%. The stock has underperformed its sector by 5.61% today, hitting an intraday low of Rs 484, which is a drop of 6.08%. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has seen a significant decline of 35.34%, and year-to-date, it has fallen by 50.57%. Despite generating a return of 12.50% over the past year, the recent financial results have shown a decline in profit before tax and profit after tax, contributing to negative sentiment. Additionally, the reduction in promoter stake by 5.65% suggests a lack of confidence in the company's future, further impacting the stock's performance.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.01% over the past week, contrasting sharply with PG Electroplast's significant drop. This disparity highlights the stock's underperformance compared to the benchmark index. While the company has demonstrated healthy long-term growth with a 50% annual increase in net sales and consistent returns over the last three years, the recent flat results and declining profitability metrics have overshadowed these positives. The stock's current valuation appears expensive relative to its peers, and the overall market sentiment is likely weighing heavily on its price movement.