Why is Pix Transmission falling/rising?

As of 15-Sep, Pix Transmission Ltd's stock price is currently at 1,440.50, reflecting an increase of 20.5, or 1.44%. The stock has shown a trend reversal, gaining after two consecutive days of decline, although it underperformed its sector by 0.3%. In terms of returns, over the past week, the stock has increased by 0.31%, while it has risen 6.42% over the past month. However, it has experienced a significant decline of 42.22% year-to-date. The company has a low debt-to-equity ratio of 0.09, which is a positive factor, but its long-term growth prospects appear poor, with net sales growing at an annual rate of only 13.90% over the last five years. Additionally, the stock is trading at a high price-to-book value of 3.3, indicating an expensive valuation despite a PEG ratio of 0.9, suggesting it may be undervalued compared to its earnings growth.
Broader market context shows that while the Sensex has increased by 1.24% over the past week, Pix Transmission's performance has lagged behind, indicating a relative weakness in the stock compared to the broader market. The stock's year-to-date performance of -42.22% starkly contrasts with the Sensex's gain of 4.67%, highlighting a significant underperformance. Furthermore, the falling investor participation, with a delivery volume decrease of 21.7% against the five-day average, suggests a lack of confidence among investors. The absence of domestic mutual fund holdings may also reflect a broader skepticism regarding the stock's valuation and business stability, contributing to its recent price movements.