Why is P I Industries falling/rising?

As of 15-Sep, P I Industries Ltd is experiencing a slight increase in its stock price, currently at Rs 3,728.60, reflecting a change of 15.75 points or 0.42% upward. The stock has outperformed its sector by 0.37% today, although it has traded within a narrow range of Rs 28.45. Over the past week, the stock has shown a modest gain of 1.05%, but its year-to-date performance remains weak at just 1.15%, significantly lagging behind the benchmark Sensex, which has risen by 4.67% during the same period. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which have increased by 0.69% over the previous quarter. However, the stock's recent performance has been hindered by a substantial decline in investor participation, with delivery volume dropping by 58.47% against the five-day average.
In the broader market context, while P I Industries has shown some short-term resilience, its longer-term performance has been disappointing, with a 20.17% decline over the past year compared to a slight drop of 1.33% in the benchmark. This consistent underperformance against the benchmark over the last three years raises concerns among investors. Additionally, the company reported flat results in June, with a significant decrease in operating cash flow and profits, contributing to its perceived expensive valuation. Despite its strong fundamentals, the stock's historical underperformance and declining investor interest may be influencing its current price movement.