Why is Schaeffler India falling/rising?

As of 22-Jul, Schaeffler India Ltd's stock price is currently at Rs 4,261.60, reflecting a decrease of Rs 18.4 or 0.43%. The stock has recently underperformed its sector by 0.46% and has experienced a trend reversal after two consecutive days of gains. Despite this decline, the stock is trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally positive trend. Over the past week, the stock has gained 1.32%, and it has shown strong performance over longer periods, with a year-to-date increase of 25.48% and a remarkable 479.28% rise over the past five years. The company benefits from low debt levels, strong long-term fundamentals, and high institutional holdings, which contribute to its resilience and attractiveness to investors.
In the broader market context, Schaeffler India's recent performance contrasts with the Sensex, which has declined by 0.47% over the past week. While the stock has shown strong returns in the long term, its current valuation is considered expensive, with a Price to Book Value of 12.5, and a PEG ratio of 6.7, suggesting that the stock may be overvalued relative to its earnings growth. Despite generating a return of 10.26% over the past year, the stock's profits have only increased by 10.3%, indicating that while the company has strong fundamentals, there may be concerns about its valuation that could be influencing the recent price movement.