Why is Pennar Industrie falling/rising?

As of 15-Sep, Pennar Industries Ltd is currently priced at 245.55, reflecting an increase of 1.85, or 0.76%. The stock has shown a trend reversal, gaining after two consecutive days of decline, although it touched an intraday low of Rs 237.25 earlier in the day. Over the past week, the stock has decreased by 2.94%, while it has performed well over the past month with a return of 15.39%. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 35.23%. Additionally, it has reported positive results for the last five consecutive quarters, with a return on capital employed (ROCE) of 15.35% and a low debt-equity ratio of 0.81 times, which supports its fair valuation compared to peers. Institutional investors have also increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, the Sensex has increased by 1.24% over the past week, while Pennar Industries has underperformed relative to this benchmark. However, the stock has outperformed the Sensex over the past month and year, with returns of 15.39% and 42.47%, respectively. Despite the recent decline in investor participation, with delivery volume falling by 25.33% against the five-day average, the stock remains liquid enough for trading. The consistent returns over the last three years further highlight the company's strong performance, suggesting that while there may be short-term fluctuations, the long-term outlook remains positive.