Why is Uni Abex Alloy falling/rising?

As of 24-Sep, Uni Abex Alloy Products Ltd is experiencing a decline in its stock price, currently at Rs 3,143.95, which reflects a decrease of Rs 34.7 or 1.09%. Today's price summary indicates that the stock has fallen after three consecutive days of gains, touching an intraday low of Rs 3,050, which is a drop of 4.05%. Despite outperforming its sector by 0.67%, the stock's performance over the past week shows a positive return of 7.61%, while its one-year return is negative at -5.87%. The company's recent financial performance has raised concerns, as its PAT for the quarter has fallen by 33.8%, and net sales are at their lowest, which may contribute to the stock's downward movement. Additionally, the stock is trading at a premium compared to its peers, and the lack of domestic mutual fund investment suggests a lack of confidence in its valuation.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has declined by 1.18% over the past week. However, the overall market sentiment may still be affecting investor confidence, as the stock has shown a negative return over the past year while the benchmark has only slightly underperformed with a -3.77% return. The combination of declining profits, low sales figures, and high valuation relative to peers may be causing investors to reassess their positions, leading to the current price decline despite some positive short-term metrics.