Why is PG Electroplast falling/rising?

As of 28-Aug, PG Electroplast Ltd is experiencing a decline in its stock price, currently at Rs 541.25, which reflects a decrease of Rs 16.4 or 2.94%. The stock has underperformed its sector by 2.61% today and has been on a downward trend, losing 7.27% over the last two days. It has also touched an intraday low of Rs 539.85. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 9.63% compared to the 5-day average. While the company has shown healthy long-term growth with net sales increasing at an annual rate of 50% and operating profit at 74.19%, recent quarterly results have been flat, with a significant drop in profit before tax and profit after tax.
In the broader market context, PG Electroplast's short-term performance has been weaker than the benchmark, with a 1-week return of -3.18% compared to the Sensex's -2.34%. The company has also seen a reduction in promoter confidence, as they have decreased their stake by 5.65% in the previous quarter, which may signal concerns about the company's future prospects. Despite generating a return of 6.21% over the past year, the stock's profitability has not kept pace with its valuation, as indicated by a high price-to-book value of 5.4 and a PEG ratio of 1.6. This combination of declining investor interest, negative quarterly results, and reduced promoter confidence contributes to the stock's current downward trajectory.