Why is P I Industries falling/rising?

As of 24-Sep, P I Industries Ltd's stock price is currently at 3,632.80, reflecting a slight increase of 7.1 (0.2%). The stock has shown a trend reversal by gaining after two consecutive days of decline, although it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed with a return of -2.92%, and it has also seen a significant drop in delivery volume, which fell by 29.54% against the 5-day average. Despite these challenges, the company benefits from high management efficiency, a low debt-to-equity ratio, and healthy long-term growth, with operating profit increasing at an annual rate of 22.10%. However, the stock has faced consistent underperformance against benchmarks, with a 21.10% decline over the past year.
In the broader market context, P I Industries has lagged behind the Sensex, which has gained 4.58% year-to-date, while the stock itself has only declined by 1.45% in the same period. The stock's performance over the last three years has also been disappointing, with a return of +18.75% compared to the Sensex's +40.65%. This consistent underperformance, coupled with flat results in June and a high valuation relative to its peers, suggests that investor sentiment may be cautious. Despite high institutional holdings, which indicate confidence from larger investors, the overall market conditions and the company's recent financial performance may be contributing to the stock's subdued movement.