Why is Relicab Cable falling/rising?

As of 17-Jul, Relicab Cable Manufacturing Ltd's stock is currently priced at 82.35, reflecting a decrease of 1.1, or 1.32%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.43%. Today, it opened significantly lower, down 6.52%, and reached an intraday low of Rs 78.01. The stock's performance over the past week shows a slight gain of 0.92%, but it has experienced a substantial decline of 13.77% over the past month and 29.13% over the past year. Despite healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive, and with 99.94% of promoter shares pledged, there is added downward pressure in a falling market. Broader market context indicates that while the Sensex has gained 0.83% over the past month, Relicab Cable has significantly underperformed, with a year-to-date decline of 10.25% compared to the benchmark's increase of 5.27%. The stock's recent struggles are compounded by flat quarterly results, low operating profit margins, and a high PEG ratio of 4.1, suggesting that the stock may be overvalued relative to its earnings growth. Additionally, falling investor participation, evidenced by a 33.6% drop in delivery volume, further reflects a lack of confidence among investors, contributing to the stock's downward trajectory.