Why is Responsive Ind falling/rising?

As of 29-Sep, Responsive Industries Ltd is experiencing a decline in its stock price, currently at Rs 178.35, which reflects a decrease of Rs 14.75 or 7.64%. The stock has underperformed significantly today, with a performance that is 7.07% lower than its sector. It has been on a downward trend for the last two days, accumulating a total drop of 9.67% during this period. Additionally, the stock is trading close to its 52-week low, just 4.12% above it, and has shown high volatility with an intraday fluctuation of 5.62%. While the company has a strong ability to service debt and healthy long-term growth in operating profit, it faces challenges such as an expensive valuation and poor performance relative to its peers, which may be contributing to the recent price decline.
In the broader market context, the stock's short-term performance over the past week shows a decline of 10.02%, while the benchmark Sensex has only decreased by 2.18%. This stark contrast indicates that Responsive Industries Ltd is not only struggling in absolute terms but is also lagging behind the market. Over the past year, the stock has generated a return of -34.91%, significantly underperforming the BSE500, which has seen a decline of only 6.08%. This underperformance, coupled with the company's flat results and high PEG ratio, suggests that investor sentiment is negative, leading to the current downward pressure on the stock price.