Why is PG Electroplast falling/rising?

As of 14-Nov, PG Electroplast Ltd's stock price is currently at 577.95, reflecting an increase of 18.35 or 3.28%. The stock has shown a positive performance today, having outperformed its sector by 2.25%, and it has gained 9.38% over the last two days. However, it opened with a loss of 5.65% today, indicating some volatility, with an intraday high of Rs 582 and a low of Rs 528. In terms of returns, the stock has performed well in the short term, with a 9.36% increase over the past week, although it has underperformed over the longer term, with a year-to-date decline of 41.24%. Positive factors contributing to the recent rise include healthy long-term growth in net sales and operating profit, alongside high institutional holdings, which suggest confidence from more knowledgeable investors. Conversely, the stock has faced challenges such as flat results in June, a decline in profit before tax, and a relatively high price-to-book value, indicating it may be overvalued compared to its peers.
Broader market context indicates that while PG Electroplast has outperformed the benchmark in the short term, it has significantly lagged behind over the past year, with a return of -8.26% compared to the Sensex's 9.00%. This underperformance highlights the stock's struggle to keep pace with broader market trends, despite recent gains. The overall market has shown resilience, with the BSE500 generating returns of 8.00% in the last year, contrasting sharply with PG Electroplast's negative performance. This discrepancy may influence investor sentiment, as the stock's long-term growth potential is overshadowed by its recent struggles and flat quarterly results.