Why is Pennar Industrie falling/rising?

As of 10-Nov, Pennar Industries Ltd's stock price is currently at 231.95, reflecting a decline of 44.3 points or 16.04%. Today's performance indicates that the stock has underperformed its sector by 16.56%, opening with a significant loss of 7.71% and reaching an intraday low of Rs 224.5, which is a drop of 18.73%. Despite this downturn, the stock has shown strong long-term growth, with an annual operating profit increase of 35.23% and positive results for the last six consecutive quarters. Institutional investors have also increased their stake, indicating confidence in the company's fundamentals, which may provide some support against the recent price decline.
In the broader market context, the stock's short-term performance over the past week shows a decline of 14.35%, while the benchmark Sensex has only decreased by 0.53%. This stark contrast highlights the stock's recent struggles relative to the market. However, over the longer term, Pennar Industries has outperformed the benchmark with a year-to-date return of 19.84% compared to the Sensex's 6.91%. This suggests that while the stock is currently facing significant challenges, its historical performance and institutional interest may indicate potential for recovery in the future.