Why is Poly Medicure falling/rising?

As of 08-Aug, Poly Medicure Ltd's stock price is currently at Rs 1,945.25, reflecting an increase of Rs 20.25 or 1.05%. Today's price movement indicates a trend reversal as the stock has gained after three consecutive days of decline. Despite this uptick, the stock has underperformed in the short term, with a 1-week return of -0.13% and a 1-month return of -11.82%. The stock is trading below its moving averages across various timeframes, which suggests a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 65.66% compared to the 5-day average. However, the company benefits from a low debt-to-equity ratio and high institutional holdings, which may provide some support for its stock price.
In the broader market context, Poly Medicure's recent performance contrasts with the benchmark Sensex, which has seen a decline of 0.92% over the past week and 4.60% over the past month. While the stock has outperformed its sector today by 1.69%, its year-to-date performance shows a substantial decline of 25.18%, compared to a modest gain of 2.20% for the Sensex. The company's flat results for June, characterized by low profit before tax and a high price-to-book ratio, contribute to concerns about its valuation relative to peers. Despite generating a return of 4.75% over the past year, the stock's profitability has not kept pace with its valuation, leading to a higher PEG ratio of 2.4, which may deter some investors.