Why is Pennar Industrie falling/rising?

As of 22-Sep, Pennar Industries Ltd is experiencing a decline in its stock price, currently at Rs 245.00, which reflects a decrease of Rs 5.6 or 2.23%. Today's performance indicates that the stock has underperformed its sector by 1.86%, touching an intraday low of Rs 245. Despite this drop, the stock has shown strong long-term growth, with an annual operating profit increase of 35.23% and positive results reported for the last five consecutive quarters. The company has a healthy return on capital employed (ROCE) of 15.35% and a low debt-equity ratio of 0.81 times, suggesting a solid financial position. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
Broader market context shows that over the past week, Pennar Industries has underperformed the Sensex, with a return of -0.22% compared to the benchmark's +0.46%. In the last month, the stock has declined by 5.09%, while the Sensex has gained 1.05%. However, on a year-to-date basis, Pennar Industries has outperformed the benchmark with a return of 26.58% against the Sensex's 5.15%. This suggests that while the stock is currently facing short-term challenges, its long-term performance remains strong, supported by increasing investor participation and consistent returns over the past three years.