Why is Paradeep Phosph. falling/rising?

As of 11-Nov, Paradeep Phosphates Ltd is experiencing a decline in its stock price, currently at Rs 159.00, which reflects a decrease of Rs 8.25 or 4.93%. The stock has underperformed its sector by 4.62% today and has been on a downward trend for the last two days, accumulating a total loss of 8.59% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date return of 43.31% and a one-year return of 48.95%. The company has reported healthy growth in net sales and operating profit, with significant increases in profits over the past year, which may indicate underlying strength despite the current price drop. Additionally, rising promoter confidence, as evidenced by a 1.16% increase in their stake, suggests a positive outlook for the company's future.
In the broader market context, Paradeep Phosphates Ltd's short-term performance has been notably weaker compared to the benchmark Sensex, which has gained 0.49% over the past week while the stock has fallen by 5.47%. This divergence indicates that while the overall market may be experiencing upward momentum, Paradeep Phosphates is facing specific challenges that are impacting its stock price negatively. The high volatility observed today, with an intraday fluctuation of 5.82%, further underscores the uncertainty surrounding the stock's performance. Despite these challenges, the company's long-term growth prospects and consistent returns over the past three years may provide a foundation for recovery in the future.