Why is R R Kabel falling/rising?

As of 21-Jul, R R Kabel Ltd's stock price is currently at Rs 1,429.00, reflecting a decrease of Rs 38.9 or 2.65%. Today's performance indicates that the stock has underperformed its sector by 3.28%, following a trend reversal after five consecutive days of gains. The stock touched an intraday low of Rs 1427.35 and has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent increase in investor participation, with delivery volume rising significantly, the stock has shown a negative return of 17.78% over the past year, indicating consistent underperformance against the benchmark. While the company has a low debt-to-equity ratio and has reported healthy long-term growth in net sales, these positive factors are overshadowed by its recent performance and the high PEG ratio of 13.1.
In the broader market context, R R Kabel's short-term return of 4.11% over the past week contrasts with the Sensex, which has remained nearly flat at -0.06%. However, the stock's year-to-date performance shows a decline of 0.81%, while the Sensex has gained 5.20%. This consistent underperformance against the benchmark over the last three years, coupled with a significant negative return in the past year, raises concerns among investors. The high institutional holdings at 21.92% suggest that while there is confidence in the company's fundamentals, the stock's overall trajectory remains weak, contributing to its current price decline.