Why is Time Technoplast falling/rising?

As of 22-Sep, Time Technoplast Ltd. is experiencing a slight decline in its stock price, currently at 478.00, reflecting a change of -0.35 (-0.07%). Today's performance indicates that the stock has outperformed its sector by 0.63%, although it has seen a decrease in delivery volume, which fell by 31.16% compared to the 5-day average. Over the past week, the stock has decreased by 1.71%, while it has shown a modest decline of 0.27% over the past month. Despite this recent downturn, the stock has generated a return of 15.51% over the past year, with profits rising by 21%, indicating a healthy long-term growth trajectory. The company's low Debt to EBITDA ratio of 1.34 times and high institutional holdings at 21.21% suggest strong fundamentals, supporting its valuation compared to peers.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting with Time Technoplast's decline. This divergence indicates that while the stock is facing short-term challenges, it has consistently outperformed the BSE500 over the last three years, with a remarkable return of 330.05% during that period. The stock's fair valuation, as indicated by its PEG ratio of 1.3, suggests that it is trading at a discount compared to historical averages, which may attract long-term investors despite current fluctuations. Overall, while the stock is facing some short-term pressures, its strong fundamentals and historical performance provide a solid foundation for potential recovery.