Why is PG Electroplast falling/rising?

As of 09-Sep, PG Electroplast Ltd is experiencing a price increase, currently at Rs 566.10, reflecting a rise of 14.55 or 2.64%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It outperformed its sector by 2.33% and reached an intraday high of Rs 569.8. However, despite this positive movement, the stock has shown a negative return of -3.90% over the past month and -42.44% year-to-date. The company's financials reveal a healthy long-term growth trajectory with net sales increasing at an annual rate of 50% and operating profit at 74.19%. Nonetheless, recent quarterly results have been flat, with a significant drop in profit before tax and profit after tax, indicating potential concerns about profitability.
In the broader market context, the stock's short-term performance of +0.96% over the past week is slightly below the benchmark Sensex, which gained +1.18% in the same period. This underperformance in the longer term is concerning, especially given the -7.95% return over the past year compared to a -0.56% return for the Sensex. Additionally, the reduction in promoter confidence, with a 5.65% decrease in their stake, may signal a lack of faith in the company's future prospects, which could further impact investor sentiment. Overall, while there are signs of a short-term rebound, the underlying financial challenges and market dynamics suggest a cautious outlook for PG Electroplast Ltd.