Why is Venus Pipes falling/rising?

As of 03-Jul, Venus Pipes & Tubes Ltd is experiencing a decline in its stock price, currently at Rs 1,435.15, which reflects a decrease of Rs 27.75 or 1.9%. The stock has underperformed its sector today by 1.48%, touching an intraday low of Rs 1,429.2. Despite a recent increase in investor participation, with delivery volume rising by 817.61% against the 5-day average, the stock's performance over the past year has been poor, showing a decline of 30.27% compared to a 4.07% gain in the Sensex. The company's high management efficiency, strong ability to service debt, and healthy long-term growth in net sales and operating profit are positive factors; however, flat results in March and an expensive valuation relative to its peers contribute to the stock's negative sentiment.
In the broader market context, while the stock has shown a positive return of 4.59% over the past week, it has significantly lagged behind the benchmark index, which has returned -0.62% during the same period. The stock's year-to-date performance is also concerning, with a decline of 4.74% compared to the Sensex's gain of 6.53%. This underperformance, coupled with the company's high PEG ratio of 4.3 and a recent decline in profit before tax, indicates that investors may be cautious, leading to the stock's current downward trend.