Why is PNGS Gargi FJ falling/rising?

As of 27-Jun, PNGS Gargi Fashion Jewellery Ltd is experiencing a decline in its stock price, currently at 862.15, which reflects a decrease of 7.9 points or 0.91%. The stock has shown a trend reversal, falling after two consecutive days of gains. It is trading below all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 25.11% compared to the 5-day average. Despite the company's strong financial performance, including a low debt-to-equity ratio and significant growth in net sales and operating profit, the stock's valuation appears expensive with a high price-to-book ratio, which may deter investors.
In the broader market context, PNGS Gargi FJ's performance over the past week shows a decline of 2.02%, while the benchmark Sensex has increased by 2.00%. This underperformance relative to the market may contribute to negative sentiment surrounding the stock. Although the company has generated a return of 51.23% over the past year, significantly outperforming the market, the lack of domestic mutual fund investment suggests a cautious outlook from institutional investors. This combination of factors, including recent price movements and investor sentiment, indicates that the stock is facing challenges despite its strong historical performance.