Why is Panchmahal Steel falling/rising?

As of 23-Sep, Panchmahal Steel Ltd is currently priced at 298.40, reflecting a decrease of 1.55 points or 0.52%. Despite this decline, the stock has shown strong performance in the long term, with a 42.10% return over the past year and a remarkable 117.89% increase over the last three years. Today's trading session was marked by high volatility, with the stock opening up by 4.67% but later experiencing a significant drop, reaching an intraday low of Rs 281.05, which represents a decline of 6.3%. Additionally, the stock has been trading above its moving averages, indicating a generally positive trend, although it underperformed its sector by 1.81% today and saw a drastic fall in delivery volume, which decreased by 90.81% compared to the five-day average.
In the broader market context, Panchmahal Steel's recent performance contrasts with the Sensex, which has seen a slight decline of 0.34% over the past week. While the stock has outperformed the benchmark in the long term, its short-term volatility and the significant drop in investor participation may be contributing to the current price movement. The stock's ability to generate substantial returns over various periods suggests a strong underlying performance, yet the recent fluctuations and reduced trading activity could be causing some investors to reassess their positions.