Why is Sicagen India falling/rising?

As of 05-Sep, Sicagen India Ltd's stock price is currently at 75.37, reflecting a decrease of 1.03, or 1.35%. Today's performance indicates that the stock has underperformed its sector by 1.88%, opening with a loss of 2.45% and reaching an intraday low of Rs 74.15, which is a decline of 2.95%. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. Over the past week, the stock has gained 3.25%, and in the last month, it has risen by 7.15%. However, it has experienced a significant decline of 14.25% year-to-date and 31.17% over the past year, despite a 32.2% increase in profits, indicating a disconnect between stock performance and profitability. The PEG ratio of 0.6 suggests that the stock is undervalued compared to its growth potential.
In the broader market context, Sicagen India’s recent performance contrasts with the Sensex, which has gained 1.13% over the past week and remained flat over the past month. This underperformance may be attributed to falling investor participation, as evidenced by a 7.59% decline in delivery volume compared to the 5-day average. While the stock has shown healthy long-term growth with an annual operating profit increase of 55.15% and a favorable valuation with a ROCE of 4.4, the current market sentiment appears cautious, leading to the stock's recent decline. The majority ownership by promoters may provide some stability, but the overall market conditions and investor sentiment are impacting the stock negatively at this time.