Why is PNGS Gargi FJ falling/rising?

As of 24-Jun, PNGS Gargi Fashion Jewellery Ltd is experiencing a decline in its stock price, currently at Rs 860.00, which reflects a decrease of Rs 20.7 or 2.35%. Today's price summary indicates that the stock underperformed its sector by 2.92%, with an intraday high of Rs 902 and a low of Rs 860. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 43.51% compared to the 5-day average. Despite the company’s strong financial performance, including a low debt-to-equity ratio and impressive growth in net sales and operating profit, the stock's high valuation and lack of domestic mutual fund investment may be contributing to its current price decline.
In the broader market context, PNGS Gargi FJ's short-term performance has been negative, with a 1-week return of -3.26%, contrasting with a positive return of +0.58% for the Sensex. Over the past month, the stock has also underperformed the benchmark, with a decline of 3.99% compared to the Sensex's gain of 0.41%. While the stock has shown a remarkable return of 53.43% over the past year, this is juxtaposed against a backdrop of rising profits and a low PEG ratio, indicating that despite its historical performance, the current market sentiment may be cautious due to its expensive valuation and limited institutional interest.