Why is Panchmahal Steel falling/rising?

As of 24-Sep, Panchmahal Steel Ltd is currently priced at 297.95, reflecting a decrease of 0.6, or 0.2%. The stock has been experiencing a decline over the past two days, with a total drop of 0.67% during this period. Despite this recent downturn, the stock has shown strong performance in the longer term, boasting a 44.15% return over the past year and outperforming the BSE500 index over various time frames, including the last three years. However, there has been a notable decrease in investor participation, with delivery volume falling by 72.65% compared to the five-day average, which may contribute to the stock's recent price movement.
In the broader market context, Panchmahal Steel's short-term performance contrasts with the benchmark, as it has gained 2.27% over the past week while the Sensex has declined by 1.18%. This indicates that the stock is performing well relative to the market despite its recent price drop. The stock's liquidity remains adequate for trading, suggesting that while there are some negative indicators, such as falling investor participation, the overall long-term outlook remains positive, supporting a hold recommendation for investors.