Why is Systematix Corp. falling/rising?

As of 01-Sep, Systematix Corporate Services Ltd is experiencing a price increase, currently at Rs 119.80, reflecting a change of 2.15 (1.83%) upward. Today's price summary indicates that the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 124, which is a 5.4% increase. However, the stock's performance over the past week shows a decline of 3.31%, while it has increased by 4.08% over the past month. Despite a strong long-term fundamental strength with an average Return on Equity (ROE) of 15.11% and healthy operating profit growth, the stock has faced challenges, including a flat PAT result in June and a high PEG ratio of 10.2, suggesting it may be overvalued relative to its earnings growth.
Broader market context reveals that while the stock has underperformed the market over the past year with a return of -20.71% compared to the benchmark's -2.43%, it has shown resilience in the short term with a positive monthly return. The stock's recent upward movement contrasts with the broader market's slight decline, indicating a potential trend reversal. However, the significant drop in domestic mutual fund holdings, which stand at 0%, may reflect a lack of confidence among institutional investors, further complicating the stock's outlook despite its recent gains.