Why is Pankaj Polymers falling/rising?

As of 27-Jun, Pankaj Polymers Ltd is currently priced at Rs. 19.00, reflecting a decline of Rs. 0.6 or 3.06%. The stock recently hit a new 52-week high of Rs. 20.58 but has underperformed its sector by 2.79% today. Despite this drop, the stock has shown strong performance over various periods, with a year-to-date increase of 74.31% and a one-year return of 102.77%. However, there has been a notable trend reversal as the stock has fallen after two consecutive days of gains, and investor participation has decreased significantly, with delivery volume dropping by 89.21% compared to the five-day average.
In the broader market context, Pankaj Polymers' short-term performance over the past week has outpaced the benchmark Sensex, which rose by 2.00%, while the stock gained 11.76%. This indicates that the stock has been performing well relative to the market recently. However, the decline today may reflect profit-taking after reaching a new high and reduced trading activity, which could signal a lack of momentum. Overall, while the stock has shown impressive returns over time, the recent price drop suggests a temporary setback amid changing investor sentiment.