Why is Wonder Electric. falling/rising?

As of 25-Jun, Wonder Electricals Ltd is experiencing a decline in its stock price, currently at Rs 162.00, which reflects a decrease of Rs 2.0 or 1.22%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total return of -6.98% during this period. Despite opening with a gain of 5.67% today and reaching an intraday high of Rs 173.3, the stock's performance has been volatile, with significant fluctuations noted throughout the day. Additionally, the stock has underperformed in the short term, with returns of -7.22% over the past week and -9.95% over the past month, contrasting sharply with the Sensex, which has gained 1.61% and 1.27% respectively. While the company has shown healthy long-term growth with a 30.95% annual increase in net sales and a substantial 80.55% rise in net profit, the stock's valuation appears expensive, as indicated by a ROCE of 15.9 and a PEG ratio of 2.1.
In the broader market context, Wonder Electricals Ltd's recent performance is notably weaker compared to the benchmark, as it has consistently underperformed the Sensex in both the short and medium-term. The stock's decline may also be influenced by the lack of domestic mutual fund investment, which could signal a lack of confidence among institutional investors regarding its current valuation. Despite the company's strong historical returns and consistent profitability over the past year, the market's perception of its valuation and the recent selling pressure may be contributing to the downward price movement.