Why is Radix Industries falling/rising?

As of 10-Jul, Radix Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 163.05, which reflects a decrease of Rs 8.0 or 4.68%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 15.32% during this period. Despite opening with a gain of 2.34% today and reaching an intraday high of Rs 179.6, it ultimately traded lower, touching a low of Rs 162.7. The stock's performance over the past week shows a significant decline of 14.18%, contrasting sharply with the Sensex, which has remained relatively stable with a change of only -0.06%. Additionally, while the company has shown consistent returns over the last three years and positive net sales growth of 73.86% in the latest six months, its high valuation metrics, including a PEG ratio of 5.3, suggest that it may be considered expensive relative to its earnings growth.
In the broader market context, Radix Industries' recent performance has been notably weaker compared to the benchmark, as indicated by its 1-month return of -11.46% against the Sensex's gain of 0.97%. This underperformance is compounded by the fact that the stock is trading below its moving averages across multiple time frames, indicating a bearish trend. The rising investor participation, with a significant increase in delivery volume, suggests some interest in the stock, but the overall liquidity remains low, which may hinder recovery. The company's recent financial results, while positive, have not been sufficient to offset concerns over its high valuation and declining stock price, leading to a cautious outlook among investors.