Why is PNB Gilts falling/rising?

As of 25-Jul, PNB Gilts Ltd is experiencing a decline in its stock price, currently at Rs 108.62, which represents a decrease of 6.58 or 5.71%. Today's price summary indicates that the stock has underperformed its sector by 3.59% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 107.7, and the weighted average price shows that more volume was traded closer to this low price. Despite this decline, PNB Gilts has shown positive returns over the past week and month, with increases of 9.93% and 7.46%, respectively. The company has reported very positive financial results, including a significant net profit growth of 113.37% and record net sales, which suggests strong underlying performance despite the recent price drop.
In the broader market context, the finance/NBFC sector has also seen a decline of 2.13%, contributing to the stock's downward movement. While PNB Gilts has outperformed the benchmark Sensex over the past week and month, it has underperformed over the past year, with a return of -14.20% compared to the Sensex's 1.78%. The stock's attractive valuation, indicated by a ROE of 21.9 and a PEG ratio of 0, suggests that it may be undervalued compared to peers, which could support future price recovery. However, the current market sentiment and sector performance are impacting its short-term price movement negatively.