Why is Pix Transmission falling/rising?

As of 10-Sep, Pix Transmission Ltd's stock price is currently at 1,442.40, reflecting an increase of 22.4, or 1.58%. The stock has shown a trend reversal by gaining after two consecutive days of decline, reaching an intraday high of Rs 1454, which is a 2.39% increase. However, the stock's performance over the past month has been negative, with a decline of 5.12%, and a year-to-date drop of 42.14%. Despite a low debt-to-equity ratio of 0.09, indicating financial stability, the company has faced challenges with poor long-term growth, as evidenced by a modest annual net sales growth of 13.90% over the last five years. The recent decline in operating cash flow and net sales, alongside a high price-to-book value ratio of 3.3, suggests that the stock may be overvalued, contributing to investor caution.
In the broader market context, the stock's short-term performance of +0.33% over the past week is underperforming compared to the Sensex, which has gained 1.06% in the same period. This disparity may reflect broader market sentiments that are not favoring Pix Transmission, as indicated by the falling investor participation, with delivery volume down by 29.4% against the five-day average. Additionally, the lack of domestic mutual fund investment, holding only 0% of the company, may signal a lack of confidence in the stock's valuation or business prospects. Overall, while there has been a slight uptick in the stock price recently, the underlying fundamentals and market context suggest a cautious outlook.