Why is Universal Cables falling/rising?

As of 12-Aug, Universal Cables Ltd. is experiencing a decline in its stock price, currently at Rs 736.75, which reflects a decrease of Rs 5.55 or 0.75%. Today's price summary indicates that the stock touched an intraday high of Rs 763.4, representing a 2.84% increase, but also a low of Rs 723.15, which is a 2.58% decrease. Despite this fluctuation, the stock has outperformed its sector by 0.26%. Over the past week, the stock has shown a positive return of 1.94%, although it has declined by 5.71% over the past month and 9.52% year-to-date. The company has reported significant growth in profits, with a 720% increase in profit before tax and a 488.7% increase in profit after tax for the quarter ending June 25, which suggests strong operational performance. However, the stock's year-over-year return remains negative at -3.72%, indicating some underlying challenges.
In the broader market context, while Universal Cables has outperformed the Sensex in the short term, the benchmark index has shown a decline of 0.59% over the past week and 2.75% over the past month. The stock's performance is further complicated by its year-to-date return of -9.52%, contrasting with the Sensex's positive return of 2.68% in the same period. Despite the attractive valuation metrics, such as a PEG ratio of 0.7 and a trading discount compared to peers, the overall market sentiment and the stock's recent performance suggest caution among investors. The rising investor participation, indicated by a significant increase in delivery volume, may provide some support, but the stock's recent price movement reflects a struggle to maintain upward momentum amidst broader market pressures.