Why is Uno Minda falling/rising?

As of 10-Oct, Uno Minda Ltd's stock price is currently at 1,219.80, reflecting a decrease of 38.5 points or 3.06%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 10.73% during this period. Additionally, the stock's performance over the past week shows a decrease of 7.32%, while its one-month return is down by 4.07%. Despite a strong long-term growth trajectory, with a year-to-date increase of 15.40% and a one-year return of 21.37%, the recent price movement is influenced by a combination of factors, including a high PEG ratio of 4.3, indicating an expensive valuation relative to its earnings growth. The stock's ability to service debt remains strong, but the recent price drop suggests that investor sentiment may be cautious.
In the broader market context, the Sensex has shown a positive return of 1.59% over the past week, contrasting with Uno Minda's decline. This underperformance against the benchmark indicates that the stock is not only facing internal challenges but is also lagging behind the overall market trend. The rising investor participation, as evidenced by a 19.32% increase in delivery volume, suggests some level of interest, but it has not been enough to counteract the negative price movement. Overall, while the company has demonstrated healthy long-term growth and strong institutional holdings, the recent price decline reflects a combination of market conditions and valuation concerns that have overshadowed its positive fundamentals.