Why is Spectrum Electr. falling/rising?

As of 17-Sep, Spectrum Electrical Industries Ltd is experiencing a decline in its stock price, currently at 1,416.90, which reflects a decrease of 8.1 points or 0.57%. The stock has underperformed its sector by 1.8% today and has been on a downward trend for the last two days, with a total loss of 0.92% during this period. The stock's performance over the past week shows a gain of 4.95%, but it has fallen by 4.91% over the past month. Key negative factors include a significant drop in net sales and profit before tax, which have decreased by 23.4% and 47.3%, respectively, compared to previous quarters. Additionally, the company's high valuation metrics, such as a PEG ratio of 3.6, suggest that it may be overvalued given its recent performance.
In the broader market context, while the Sensex has increased by 1.56% over the past week and 2.60% over the past month, Spectrum Electrical's recent performance contrasts sharply with these benchmarks. The stock's declining investor participation, evidenced by a 79.13% drop in delivery volume, indicates waning interest among investors, which may further contribute to its price decline. Despite the company's healthy long-term growth in operating profit, the lack of confidence from domestic mutual funds, which hold no stake in the company, suggests that the market may be cautious about its current valuation and future prospects.