Why is Smruthi Organic falling/rising?

As of 12-Sep, Smruthi Organics Ltd is currently priced at 143.00, reflecting a decline of 8.0 points or 5.3%. The stock has been underperforming, having fallen for the last two days with a total decline of 11.73%. It opened with a loss of 4.47% today and reached an intraday low of Rs 139.2, indicating significant selling pressure. Despite this, the stock has shown positive performance over the past week and month, with returns of 24.40% and 8.25%, respectively. The company maintains a low debt-to-equity ratio of 0.10 and has seen a substantial increase in profits by 301% over the past year, which suggests an attractive valuation despite the recent price drop.
In the broader market context, Smruthi Organics has outperformed the Sensex over the past week and month, but it has underperformed its sector today by 5.59%. While the stock has a positive long-term outlook with a PEG ratio of 0.1 and is trading at a discount compared to its peers, the recent price decline may be attributed to short-term market sentiment and selling pressure. The rising investor participation, indicated by a significant increase in delivery volume, suggests that there may still be confidence in the stock's fundamentals, even as it faces current challenges.