Why is PCBL Chemical falling/rising?

As of 22-Jul, PCBL Chemical Ltd is currently priced at 415.25, reflecting a decrease of 8.15, or 1.92%. The stock has underperformed its sector today, with a day's low of Rs 413.3, marking a decline of 2.39%. Over the past week, the stock has seen a slight decrease of 1.20%, while it has performed well over the last month with a gain of 6.20%. Despite a strong annual return of 47.80%, the company's profits have fallen by 11.4%, which may be contributing to the current price decline. Additionally, there has been a drop in investor participation, with delivery volume decreasing by 4.92% compared to the 5-day average, indicating reduced interest from retail investors.
In the broader market context, the Sensex has experienced a minor decline of 0.47% over the past week, suggesting that the market sentiment is somewhat negative but not significantly impacting PCBL Chemical's performance relative to the benchmark. The stock's long-term growth prospects remain healthy, with institutional investors increasing their stake by 2.59% in the last quarter, indicating confidence in the company's fundamentals. However, the current price drop may reflect short-term market reactions rather than a fundamental weakness, as the stock is still trading at a discount compared to its peers and has consistently outperformed the BSE500 over the past three years.