Why is SP Apparels falling/rising?

As of 03-Jul, SP Apparels Ltd. is experiencing a decline in its stock price, currently at Rs 838.40, which reflects a decrease of Rs 19.55 or 2.28%. The stock has underperformed its sector by 2.58% today, reaching an intraday low of Rs 829.5, which is a drop of 3.32%. Over the past week, the stock has shown a slight decline of 0.43%, while its performance over the last month is nearly flat at -0.04%. Despite a positive return of 10.64% over the past year, the stock has seen a year-to-date decline of 8.71%. The company maintains a strong ability to service its debt with a low Debt to EBITDA ratio of 1.11 times, and it has a high institutional holding of 21.49%, indicating confidence from larger investors. However, the PEG ratio of 4.1 suggests that the stock may be overvalued relative to its earnings growth.
In the broader market context, the Sensex has shown a decline of 0.62% over the past week, while it has increased by 3.10% over the last month. This indicates that SP Apparels' recent performance is slightly better than the benchmark in the short term. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 6.53% during the same period. The rising investor participation, with a significant increase in delivery volume, suggests that there may be interest in the stock despite its current price decline. Overall, while SP Apparels has strong fundamentals, the recent price movement reflects a combination of market sentiment and its relative performance against peers.