Why is Pennar Industrie falling/rising?

As of 25-Aug, Pennar Industries Ltd is experiencing a decline in its stock price, currently at Rs 251.95, which reflects a decrease of Rs 6.2 or 2.4%. The stock has underperformed its sector by 2.7% today and has been on a downward trend for the last three days, accumulating a total drop of 4.24%. Despite this recent decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 30.17% and a remarkable 491.43% rise over the past three years. However, the stock's delivery volume has significantly decreased, falling by 81.91% compared to the five-day average, indicating a drop in investor participation.
In the broader market context, while Pennar Industries has faced short-term challenges, it has consistently outperformed the benchmark Sensex over various periods, including a 31.33% return over the past year compared to the Sensex's 0.68%. The recent decline may be attributed to a combination of falling investor participation and short-term market fluctuations, despite the company’s healthy long-term growth indicators, such as a 35.23% annual growth rate in operating profit and increased institutional investor interest. This suggests that while the stock is currently facing pressure, its fundamentals remain strong, which could support future recovery.