Why is PG Electroplast falling/rising?

As of 12-Sep, PG Electroplast Ltd's stock price is currently at 568.25, reflecting a decrease of 1.75, or 0.31%. The stock has underperformed its sector today by 0.6%, marking its second consecutive day of decline with a total drop of 0.75% over this period. Despite a strong long-term growth outlook, with net sales increasing at an annual rate of 50% and operating profit at 74.19%, the stock has faced challenges. Recent financial results show a decline in profit before tax and profit after tax, with respective decreases of 31.60% and 20.0%. Additionally, a reduction in promoter confidence, evidenced by a 5.65% decrease in their stake, may be contributing to the stock's downward pressure.
In the broader market context, PG Electroplast's short-term performance has been relatively strong, with a 2.50% increase over the past week compared to a 1.48% rise in the Sensex. However, the stock's year-to-date performance is significantly negative at -42.22%, contrasting with the Sensex's positive return of 4.82%. This disparity highlights the stock's struggles despite some positive indicators, such as rising investor participation and liquidity. The stock's valuation appears expensive relative to its peers, further complicating its market position. Overall, while there are positive growth indicators, the recent financial setbacks and declining promoter confidence are likely influencing the stock's current downward trajectory.