Why is Responsive Ind falling/rising?

As of 23-Jul, Responsive Industries Ltd is experiencing a decline in its stock price, currently at Rs 239.85, which reflects a decrease of Rs 2.65 or 1.09%. The stock has underperformed its sector by 1.58% today and has fallen after two consecutive days of gains, touching an intraday low of Rs 237.65. Over the past week, the stock has decreased by 0.56%, while it has shown a significant increase of 14.93% over the past month. Despite a healthy long-term growth rate in operating profit of 63.05% and strong debt servicing ability, the stock's valuation appears expensive with a high enterprise value to capital employed ratio. Additionally, while the stock has seen a rise in investor participation, the overall performance over the past year has been disappointing, with a return of -15.84%.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has gained 0.11% over the past week and 5.87% year-to-date. The stock's negative return over the last year contrasts sharply with the market's positive return of 1.79%, indicating a significant divergence in performance. This underperformance, coupled with a high PEG ratio of 1.4, suggests that the stock may be trading at a discount compared to its peers, which could be contributing to investor hesitance. Overall, the combination of recent price movements, valuation concerns, and broader market trends indicates a challenging environment for Responsive Industries Ltd.