Why is Pradeep Metals falling/rising?

As of 22-Jul, Pradeep Metals Ltd. is experiencing a decline in its stock price, currently at Rs 322.40, which represents a decrease of Rs 14.75 or 4.37%. The stock has underperformed its sector by 3.13% today and has been on a downward trend for the last three days, accumulating a total loss of 8.45% during this period. Despite a strong performance over the past year with a return of 32.76%, the stock has faced recent challenges, including a significant intraday low of Rs 317.05 and a decrease in delivery volume by 11.11% compared to the five-day average. The stock remains liquid enough for trading, but the recent price movements indicate a struggle to maintain investor interest.
In the broader market context, Pradeep Metals has underperformed the Sensex over the past week, with a return of -8.69% compared to the benchmark's -0.47%. However, the stock has shown resilience over longer periods, outperforming the Sensex year-to-date and over the past three years. The company's fair valuation, indicated by a ROCE of 18.2 and a PEG ratio of 0.9, suggests that it is trading at a discount compared to its peers. Despite the recent price decline, the stock's historical performance and consistent returns over the last three years may provide a foundation for recovery, although current market sentiment appears to be weighing heavily on its short-term outlook.