Why is Pennar Industrie falling/rising?

As of 12-Sep, Pennar Industries Ltd's stock price is currently at 243.70, reflecting a decrease of 2.8, or 1.14%. The stock has underperformed its sector today by 1.11% and has experienced a consecutive decline over the last two days, totaling a drop of 2.7%. Despite a strong long-term performance with a year-to-date increase of 25.91% and a remarkable 413.05% rise over the past three years, the stock's recent movement is influenced by falling investor participation, as evidenced by a 41.97% drop in delivery volume compared to the five-day average. While the company has shown healthy growth in operating profit and consistent positive results over the last five quarters, the current price movement suggests a short-term correction amidst declining trading activity.
Broader market context indicates that while Pennar Industries has generated a return of 44.20% over the past year, it has underperformed the Sensex, which has increased by 1.48% over the past week. The stock's recent decline may also be attributed to its performance relative to the benchmark, as it has not kept pace with the broader market trends. Institutional investors have increased their stake, indicating confidence in the company's fundamentals, but the recent price drop may reflect a temporary market reaction rather than a fundamental weakness in the company's long-term growth prospects.