Why is Pix Transmission falling/rising?

As of 25-Jul, Pix Transmission Ltd's stock price is currently at Rs 1,507.10, reflecting a decrease of Rs 42.85 or 2.76%. Today's performance indicates that the stock has underperformed its sector by 1.69%, with an intraday low of Rs 1,505, marking a decline of 2.9%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 26.46% compared to the 5-day average. Over the past year, the stock has returned -5.93%, despite a 36% increase in profits, indicating a disconnect between performance and market perception. The company's low debt-to-equity ratio and consistent positive results over the last seven quarters contrast with its poor long-term growth rate of 13.09% in net sales, leading to concerns about its valuation.
In the broader market context, Pix Transmission's short-term return of -2.26% over the past week significantly underperforms the Sensex, which has only declined by 0.36%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation or business prospects. While the stock has shown impressive growth over the long term, with a 1014.72% increase over five years, the current market sentiment appears cautious, influenced by the company's expensive valuation metrics and the relatively stagnant growth in net sales.