Why is Sona BLW Precis. falling/rising?

As of 22-Sep, Sona BLW Precision Forgings Ltd is experiencing a decline in its stock price, currently at Rs 420.55, down by Rs 15.45 or 3.54%. The stock has underperformed its sector today by 2.64%, continuing a downward trend with a consecutive fall over the last two days, resulting in a total decline of 4.55%. The stock has also been trading below its moving averages across various time frames, indicating weak momentum. Despite a high management efficiency reflected in a return on equity (ROE) of 16.48% and a low debt-to-equity ratio of 0.02, the company has shown poor long-term growth with a significant drop in operating profit and net sales in recent quarters, contributing to negative sentiment among investors.
In the broader market context, Sona BLW's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.90% compared to the Sensex's gain of 0.46%. Over the past year, the stock has generated a return of -43.81%, contrasting sharply with the Sensex's decline of only 2.82%. This stark underperformance, coupled with a high price-to-book value ratio of 4.8 and a PEG ratio of 12.4, suggests that the stock is perceived as overvalued relative to its earnings growth potential. The combination of these factors has led to a lack of investor confidence, further exacerbating the stock's decline in price.