Why is Rashi Peripheral falling/rising?

As of 21-Jul, Rashi Peripherals Ltd is experiencing a decline in its stock price, currently at Rs 311.20, which reflects a decrease of Rs 6.8 or 2.14%. Today's price summary indicates that the stock has underperformed its sector by 2.67% and has fallen after two consecutive days of gains, touching an intraday low of Rs 309. In terms of returns, the stock has shown a 4.43% increase over the past week and a 5.30% increase over the past month, but it has significantly underperformed on a year-to-date basis with a decline of 21.38%. Despite these short-term gains, the stock's long-term performance remains concerning, with a 23.26% drop over the past year. However, the company has reported healthy growth in net sales and profits, which may provide some support for its valuation.
Broader market context shows that while Rashi Peripherals has had positive short-term returns, it is still lagging behind the benchmark Sensex, which has seen a slight decline of 0.06% over the past week and 0.25% over the past month. The stock's recent performance is also contrasted by its strong fundamentals, including a significant increase in profits and a favorable PEG ratio of 0.2, indicating attractive valuation metrics. Nevertheless, the overall market sentiment and the stock's recent trend reversal may be contributing to the current price decline, despite the positive long-term growth indicators.