Why is PG Electroplast falling/rising?

As of 20-Aug, PG Electroplast Ltd's stock price is currently at 536.50, reflecting a decrease of 4.15 points or 0.77%. The stock has recently underperformed its sector by 0.53% and has experienced a trend reversal after three consecutive days of gains. It reached an intraday high of Rs 573.8 earlier in the day but has seen a significant drop in delivery volume, falling by 55.78% against the five-day average. Over the past week, the stock has shown a positive return of 10.37%, although it has declined by 33.40% over the past month. 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 have shown a decline in profit before tax and profit after tax, contributing to negative sentiment around the stock.
Broader market context indicates that PG Electroplast's performance has been notably volatile, with a year-to-date decline of 45.45% compared to a 4.76% increase in the benchmark Sensex. This stark contrast highlights the stock's struggles in the current market environment. The reduction in promoter confidence, evidenced by a 5.65% decrease in their stake, may further exacerbate investor concerns about the company's future prospects. Despite the stock's impressive long-term returns over three and five years, the recent flat quarterly results and high valuation metrics, such as a Price to Book Value of 5.4, suggest that investors are cautious, leading to the current downward price movement.