Why is Pennar Industrie falling/rising?

As of 24-Sep, Pennar Industries Ltd is experiencing a decline in its stock price, currently at 241.00, reflecting a decrease of 3.9 points or 1.59%. The stock has underperformed its sector today by 1.46% and has been on a consecutive decline for the last three days, accumulating a total drop of 3.83% during this period. In terms of returns, the stock has seen a negative performance of 6.64% over the past month, while it has generated a substantial return of 31.80% over the past year. Despite these recent declines, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 35.23%, and has reported positive results for the last five consecutive quarters, indicating strong fundamentals.
Broader market context shows that the stock's short-term performance is lagging behind the benchmark, with a 1-week return of -3.37% compared to the Sensex's -1.18%. This underperformance is compounded by a notable decrease in investor participation, as evidenced by a 40.05% drop in delivery volume against the 5-day average. However, there is a positive trend with institutional investors increasing their stake by 2.46%, suggesting a growing confidence in the company's long-term prospects. Overall, while the stock has demonstrated consistent returns over the past three years, the recent price decline appears to be influenced by short-term market dynamics and reduced trading activity.