Why is Redtape falling/rising?

As of 24-Jul, Redtape Ltd's stock price is currently at 132.95, reflecting an increase of 1.0 (0.76%). The stock has recently experienced a trend reversal, gaining after six consecutive days of decline. Despite this uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed, showing a decline of 3.66%, while it has performed better over the last month with a gain of 5.52%. Positive factors contributing to the recent price movement include high management efficiency with a return on capital employed (ROCE) of 20.25% and significant growth in net sales and operating profit. However, negative factors such as a low ROCE of 17.1 and an expensive valuation compared to peers may be weighing on investor sentiment.
In the broader market context, Redtape's recent performance contrasts with the Sensex, which has seen a minimal decline of 0.09% over the same week. The stock's ability to outperform its sector by 1.18% today indicates some resilience in a challenging environment. However, the long-term outlook remains concerning, as the stock has generated a return of -26.64% over the past year, significantly underperforming the benchmark indices. This underperformance, coupled with rising interest costs and a high PEG ratio, suggests that while there may be short-term gains, the overall sentiment towards Redtape remains cautious.