Why is Pix Transmission falling/rising?

As of 31-Jul, Pix Transmission Ltd is experiencing a decline in its stock price, currently at 1,499.45, which reflects a decrease of 10.0 points or 0.66%. The stock has underperformed its sector by 1.02% today and has shown a trend reversal after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, falling by 33.6% against the five-day average, suggesting reduced investor participation. Over the past week, the stock has dropped by 3.26%, and it has also underperformed on a monthly basis with a 5.87% decline, while its year-to-date performance shows a substantial drop of 39.85%.
In the broader market context, the Sensex has only declined by 1.22% over the past week and 3.00% over the past month, indicating that the stock's short-term performance is worse than the benchmark. Despite the company reporting positive results for the last seven consecutive quarters, including a 27.22% growth in PAT, concerns about its long-term growth persist, as net sales have only grown at an annual rate of 13.09% over the last five years. The stock's high Price to Book Value ratio of 3.4 and a low stake from domestic mutual funds, which hold 0% of the company, further contribute to investor apprehension, suggesting a lack of confidence in the stock's valuation and future prospects.