Why is PG Electroplast falling/rising?

As of 14-Aug, PG Electroplast Ltd is experiencing a price increase, with its current price at 489.65, reflecting a change of 3.55 (0.73%) upward. Despite this daily gain, the stock has underperformed its sector by 0.59% today, with intraday fluctuations showing a high of Rs 506.9 and a low of Rs 471.15. Over the past week, the stock has seen a significant decline of 33.47%, and its year-to-date performance is down by 50.21%. While the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 50% and operating profit at 74.19%, recent quarterly results indicate a decline in profit before tax and net profit, which fell by 31.60% and 20.0%, respectively. Additionally, a decrease in promoter stake by 5.65% suggests reduced confidence in the company's future.
In the broader market context, PG Electroplast's short-term performance is notably worse than the benchmark Sensex, which has only declined by 0.03% over the past week. While the stock has generated a return of 11.83% over the last year, it is important to note that this is accompanied by a significant drop in profitability, with a PEG ratio of 1.5 indicating an expensive valuation relative to its growth. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a 45.48% drop in delivery volume, may further pressure its price. Overall, while there are positive long-term growth indicators, the recent financial performance and declining promoter confidence contribute to a challenging environment for PG Electroplast.