Why is Responsive Ind falling/rising?

As of 29-Aug, Responsive Industries Ltd is currently priced at 194.60, reflecting an increase of 0.9 or 0.46%. The stock has shown a trend reversal, gaining after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Over the past week, the stock has decreased by 4.11%, and it has underperformed significantly over the past month and year, with declines of 11.55% and 26.72%, respectively. Despite these challenges, the company has a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.18 times, and it has experienced healthy long-term growth with an annual operating profit increase of 69.93%. However, the stock's expensive valuation, indicated by a high Enterprise Value to Capital Employed ratio and a PEG ratio of 2.3, along with flat results in June, may be contributing to investor caution.
Broader market context shows that while the BSE500 index has generated negative returns of 5.40% over the past year, Responsive Industries Ltd's performance has been significantly worse, with a return of -26.72%. This underperformance relative to the benchmark may be influencing investor sentiment negatively. Additionally, the stock's delivery volume has decreased by 7.99% against the 5-day average, indicating falling investor participation. Despite high institutional holdings at 34.75%, which typically suggests confidence in the company's fundamentals, the overall market conditions and the stock's recent performance may lead to continued caution among investors.