Why is Panchmahal Steel falling/rising?

As of 19-Nov, Panchmahal Steel Ltd is currently priced at 317.00, reflecting a decrease of 9.75, or 2.98%. The stock has been underperforming its sector, having fallen consecutively for the last three days with a total decline of 5.53%. Today, the stock reached an intraday high of Rs 345 but also dipped to a low of Rs 300.1, indicating significant volatility with a wide trading range of Rs 44.9. Despite its recent struggles, the stock has shown strong performance over longer periods, with a year-to-date return of 24.80% and a remarkable 922.58% increase over the past five years. However, there has been a notable decline in investor participation, with delivery volume dropping by 63.28% compared to the five-day average, which may be contributing to the recent price decline.
Broader market context indicates that while Panchmahal Steel has outperformed the Sensex over various time frames, including a 1-week return of 8.43% compared to the Sensex's 0.85%, the current short-term performance is concerning. The stock's recent volatility and declining investor interest suggest that market sentiment may be shifting, impacting its price negatively despite its historical performance. The broader market has shown modest gains, but Panchmahal Steel's recent underperformance highlights a divergence from the overall market trend.