Why is Simplex Castings falling/rising?

As of 30-Sep, Simplex Castings Ltd is experiencing a decline in its stock price, currently at Rs 378.00, reflecting a decrease of Rs 7.35 or 1.91%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 6.32% during this period. Despite reaching an intraday high of Rs 394, it also touched a low of Rs 366.4, indicating volatility. Over the past week, the stock has underperformed its sector by 2.15%. However, it has shown positive performance over the longer term, with a year-to-date return of 19.98% and a remarkable 916.13% increase over the last three years. The company has reported strong financial results, including a 192.59% growth in net profit and consistent positive results over the last five quarters, which supports its valuation despite the recent price drop.
In the broader market context, Simplex Castings has outperformed the Sensex over the past month, with a return of 3.53% compared to the benchmark's 0.57%. However, the stock's recent decline contrasts with its strong long-term performance, suggesting that short-term market fluctuations may be influencing investor sentiment. The stock's liquidity remains adequate, with rising investor participation noted in the delivery volume. Despite the recent downturn, the company's strong fundamentals, including a significant increase in profits and a favorable PEG ratio, indicate that the stock may still hold potential for recovery in the longer term.