Why is Pix Transmission falling/rising?

As of 18-Aug, Pix Transmission Ltd's stock price is currently at Rs 1,369.80, reflecting an increase of Rs 18.75 or 1.39%. Despite today's positive movement, the stock has shown a decline of 1.83% over the past week and a significant drop of 11.17% over the past month. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 64.89% compared to the 5-day average. The company has a low debt-to-equity ratio of 0.09, which is a positive aspect; however, its long-term growth prospects appear weak, with net sales growing at an annual rate of only 13.90% over the last five years.
In the broader market context, the Sensex has gained 0.83% over the past week, contrasting with Pix Transmission's decline, which suggests that the stock is underperforming relative to the market. Over the past year, while the market has generated a negative return of 1.14%, Pix Transmission's return has been much worse at -11.57%. This underperformance, coupled with the fact that domestic mutual funds hold no stake in the company, may indicate a lack of confidence in its valuation and business prospects. Despite a rise in profits by 19.8% over the past year, the stock's expensive valuation, reflected in a Price to Book Value of 3.1 and a PEG ratio of 0.8, further complicates its attractiveness to investors.