Why is Pokarna falling/rising?

As of 11-Aug, Pokarna Ltd's stock price is currently at 905.00, reflecting an increase of 15.5, or 1.74%. Today's performance indicates a trend reversal, as the stock has gained after two consecutive days of decline. It reached an intraday high of Rs 908.15, representing a 2.1% increase. However, despite this uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 29.02% against the 5-day average. Over the past week, the stock has underperformed the Sensex, showing a decline of 1.35% compared to the benchmark's 0.51% drop.
In the broader market context, while the stock has outperformed the sector today, it has experienced significant declines over the past month and year-to-date, with losses of 10.97% and 22.35%, respectively. Despite these challenges, Pokarna has shown resilience with a 12.10% return over the past year, outperforming the BSE500, which has generated negative returns of -1.85%. The company benefits from healthy long-term growth, with net sales increasing at an annual rate of 25.21% and operating profit at 34.09%. However, recent flat results, including a 14.4% drop in PAT and the lowest net sales figures, raise concerns about its valuation, which is considered expensive relative to its peers despite a favorable PEG ratio of 0.2.