Why is Sunrakshakk Inds falling/rising?

As of 23-Sep, Sunrakshakk Industries India Ltd is experiencing a decline in its stock price, currently at Rs 1,039.80, which reflects a decrease of Rs 19.6 or 1.85%. The stock has underperformed its sector by 1.23% today, having touched an intraday low of Rs 1,035, which is a 2.3% drop. Over the past week, the stock has decreased by 3.71%, and while it has shown impressive long-term growth with a 349.74% return over the past year, recent negative results, including a 25.09% decline in PAT and a low ROCE of 10.33%, have raised concerns. Additionally, the company's high PEG ratio of 10.4 and low domestic mutual fund holdings suggest that investors may be wary of its current valuation despite its strong ability to service debt and healthy long-term growth.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only seen a slight decline of 0.34% over the past week. While Sunrakshakk Industries has outperformed the Sensex significantly over the long term, the recent short-term underperformance indicates a potential shift in investor sentiment. The stock's liquidity remains adequate, but the combination of disappointing financial results and high valuation metrics may be contributing to the downward pressure on its price, as investors reassess their positions in light of the company's recent performance and market conditions.