Why is Shera Energy falling/rising?

As of 02-Sep, Shera Energy Ltd is currently priced at 137.60, reflecting an increase of 0.6 or 0.44%. Despite this slight uptick, the stock has underperformed its sector by 0.83% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock has shown a negative return of 1.68% over the past month and a significant decline of 26.20% year-to-date. Although the company has reported positive results in the last three consecutive quarters, with a notable 74.80% growth in PAT and a strong ROCE of 20.78%, the stock's performance remains hindered by a weak EBIT to Interest ratio of 1.79, indicating challenges in servicing its debt.
Broader market context reveals that while Shera Energy has experienced a decline of 22.44% over the past year, the benchmark Sensex has only decreased by 2.77% during the same period. This consistent underperformance against the benchmark, coupled with a significant drop in investor participation—evidenced by a 60.94% decline in delivery volume—suggests a lack of confidence among investors. The stock's attractive valuation relative to peers, indicated by a PEG ratio of 0.3, contrasts sharply with its ongoing struggles, leading to a cautious outlook in the market.