Why is PCBL Chemical falling/rising?

As of 11-Jul, PCBL Chemical Ltd's stock price is currently at 422.25, reflecting a decrease of 12.15, or 2.8%. The stock has underperformed its sector today by 0.79% and has experienced a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs 421.25, indicating a decline of 3.03%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 3.29% and 3.04%, respectively. However, it has faced challenges with a year-to-date decline of 6.16% and a significant profit drop of 11.4% over the past year, despite generating a 54.30% return. The increasing participation of institutional investors, who have raised their stake by 2.59%, suggests a positive outlook, but the current price movement reflects market volatility and sector performance, particularly in the carbon black sector, which has fallen by 2.11%.
In the broader market context, PCBL Chemical's recent performance contrasts with the Sensex, which has shown a slight decline of 1.12% over the past week. While the stock has outperformed the benchmark over longer periods, such as the last three years, the current short-term performance indicates a struggle amidst broader market conditions. The stock's liquidity remains adequate, with a delivery volume significantly above the average, suggesting that while there is interest, the recent price decline may be influenced by sector-wide pressures and profit concerns. Overall, the combination of recent price movements, sector performance, and institutional interest paints a complex picture of the stock's current standing in the market.