Why is Pennar Industrie falling/rising?

As of 26-Aug, Pennar Industries Ltd's stock price is currently at Rs 244.50, reflecting a decline of Rs 7.45 or 2.96%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total drop of 7.07% during this period. Today's performance indicates that the stock underperformed its sector by 1.19%, with an intraday low of Rs 243.3. Despite a strong long-term growth outlook, including a 35.23% annual increase in operating profit and positive results over the last five quarters, the stock's recent performance has been negatively impacted by a significant decrease in investor participation, with delivery volume dropping by 80.06% compared to the five-day average.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week decline of 6.03% compared to the Sensex's 1.05% drop. While the stock has shown impressive long-term returns, including a 29.81% increase over the past year, the recent trend suggests a shift in market sentiment. The increasing stake of institutional investors, who now hold 7.96% of the company, may provide some support, but the current liquidity issues and falling investor participation indicate challenges ahead for the stock in the near term.