Why is RattanIndia Pow. falling/rising?

As of 02-Jul, RattanIndia Power Ltd's stock price is currently at Rs 14.77, reflecting a decrease of Rs 1.05 or 6.64%. Today's price summary indicates that the stock has underperformed its sector by 6.37% and has experienced a trend reversal after six consecutive days of gains. The stock reached an intraday high of Rs 16.14 but fell to a low of Rs 14.42, demonstrating high volatility with an intraday fluctuation of 7.39%. Despite this decline, the stock has shown strong performance over the past month with a return of 28.43%, although it has underperformed over the past year with a return of -14.57%. The company has reported significant growth in net profit and positive results for the last five consecutive quarters, which suggests a strong underlying business performance, but the recent price drop may reflect profit-taking after a period of gains.
In the broader market context, RattanIndia Power Ltd's recent performance contrasts with the Sensex, which has only increased by 0.79% over the past week. The stock's strong returns over the past month and three years, at 28.43% and 350.30% respectively, indicate a robust growth trajectory compared to the benchmark. However, the current decline may be influenced by market corrections following its rapid ascent. The stock's attractive valuation metrics, including a PEG ratio of 0.3 and a significant rise in delivery volume, suggest that while the stock is currently facing downward pressure, the long-term outlook remains positive, potentially positioning it for recovery as investor sentiment stabilizes.