Why is PG Electroplast falling/rising?

As of 24-Sep, PG Electroplast Ltd's stock price is currently at 543.15, reflecting a decrease of 15.1 points or 2.7%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 4.78% during this period. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a decline of 4.63%, while its year-to-date return is significantly negative at -44.77%. The company's recent financial results have shown a decline in profit before tax and profit after tax, contributing to a perception of weak performance despite a healthy growth in net sales and operating profit over the long term. Furthermore, a reduction in promoter stake by 5.65% suggests diminishing confidence in the company's future prospects.
In the broader market context, PG Electroplast's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.18% over the past week. This underperformance highlights the stock's struggle relative to the market. The company's year-to-date return of -44.77% starkly contrasts with the Sensex's positive return of 4.58%, indicating that investor sentiment towards PG Electroplast is particularly negative. The significant drop in delivery volume and the stock's liquidity further emphasize the lack of investor interest, which is compounded by the company's expensive valuation metrics and declining promoter confidence.