Why is Poly Medicure falling/rising?

As of 07-Aug, Poly Medicure Ltd is experiencing a decline in its stock price, currently at Rs 1,925.00, reflecting a decrease of Rs 32.3 or 1.65%. The stock has underperformed its sector today by 1.23% and has been on a consecutive downward trend for the last three days, resulting in a total decline of 4.19%. Additionally, the stock opened with a loss of 2.41% today and reached an intraday low of Rs 1,894.75, which is a 3.2% drop. Over the past week, the stock has decreased by 1.24%, and its performance over the last month shows a significant decline of 12.90%, while year-to-date, it has fallen by 25.96%. Despite positive financial results over the last 11 quarters and a low debt-to-equity ratio, the stock is trading below all major moving averages, indicating a bearish sentiment among investors.
In the broader market context, while the Sensex has declined by 0.69% over the past week, Poly Medicure's performance has been notably worse, highlighting its struggles relative to the benchmark. The stock's high valuation, indicated by a Price to Book Value of 7.1 and a PEG ratio of 2.4, suggests that it is trading at a premium compared to its peers, which may deter potential investors. Furthermore, a significant drop in delivery volume by 77.4% against the 5-day average indicates falling investor participation, contributing to the stock's downward pressure. Despite its strong market position and institutional holdings of 23.12%, the combination of poor short-term performance and high valuation metrics is leading to a negative sentiment surrounding Poly Medicure's stock.