Why is PG Electroplast falling/rising?

As of 15-Sep, PG Electroplast Ltd is currently priced at 572.90, reflecting an increase of 4.65 (0.82%). The stock has shown a positive trend today, outperforming its sector by 1.32% and reversing a two-day decline. Over the past week, the stock has risen by 3.87%, and over the past month, it has increased by 17.00%. However, it has experienced a significant year-to-date decline of 41.75%. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 50.00% and operating profit rising by 74.19%. Despite these positives, the stock faces challenges, including a flat performance in recent quarterly results and a decrease in promoter confidence, as promoters have reduced their stake by 5.65%.
Broader market context indicates that while PG Electroplast has outperformed the Sensex in the short term, with a 1-week return of 3.87% compared to the Sensex's 1.24%, it has underperformed over the longer term, with a year-to-date return of -41.75% against the Sensex's 4.67%. The stock's valuation appears expensive with a Price to Book Value of 5.7, and despite a rise in profits, the stock has generated a negative return over the past year. The reduction in promoter stake may signal a lack of confidence in the company's future, which could weigh on investor sentiment moving forward.