Why is Tirupati Forge falling/rising?

As of 26-Jun, Tirupati Forge Ltd's stock price is currently at 44.53, reflecting a decrease of 2.12, or 4.54%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 7.17% and 17.77%, respectively. However, it has underperformed its sector today by 5.15%. The stock is trading above its moving averages across various time frames, indicating a generally positive trend. While the company has demonstrated a strong ability to service debt and has healthy long-term growth metrics, including a significant increase in net sales and operating profit, recent negative results, particularly a decline in PAT and net sales, have contributed to the current price drop.
In the broader market context, Tirupati Forge's short-term performance of 7.17% over the past week outpaces the Sensex's return of 3.05% during the same period. However, the stock's year-to-date performance is concerning, with a decline of 26.68% compared to the Sensex's gain of 8.05%. This disparity highlights the stock's struggles despite its historical long-term outperformance. The company's expensive valuation relative to its peers, coupled with recent negative financial results, suggests that investor sentiment may be cautious, leading to the current downward price movement.