Why is Sportking India falling/rising?

As of 25-Jul, Sportking India Ltd's stock price is currently at Rs 129.20, reflecting a decrease of Rs 3.7 or 2.78%. The stock has experienced a decline today, touching an intraday low of Rs 128. Despite this, the stock has shown a positive performance over the past month with a return of 13.78%, although it has fallen by 2.82% over the last week. The stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally upward trend in the longer term, but it is below the 5-day moving average. Positive factors contributing to the stock's valuation include strong growth in profit after tax and operating profit, alongside a favorable PEG ratio of 0.3, suggesting the stock is undervalued compared to its peers. However, concerns about poor long-term growth and a lack of domestic mutual fund investment may be weighing on investor sentiment.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 0.36% over the past week. While Sportking India has outperformed the market over the past year with a return of 10.41% compared to the Sensex's 1.78%, the current decline may reflect sector-specific challenges, as the textile sector has fallen by 2.96%. Additionally, rising investor participation, as indicated by increased delivery volume, suggests some underlying interest in the stock despite its current price drop. Overall, while the stock has shown resilience and positive growth metrics, the recent decline may be influenced by sector performance and investor caution regarding long-term growth prospects.