Why is PG Electroplast falling/rising?

As of 08-Aug, PG Electroplast Ltd is experiencing a significant decline in its stock price, currently at Rs 589.05, reflecting a decrease of Rs 146.9 or 19.96%. The stock has underperformed its sector by 12.56% today and has been on a downward trend for the last three days, accumulating a total loss of 25.58% during this period. Additionally, the stock has traded in a wide range, touching an intraday low of Rs 566.7, and is currently below all major moving averages. While the company has shown healthy long-term growth with net sales increasing at an annual rate of 64.31%, recent financial results have been flat, with a notable decline in profit before tax and profit after tax. Furthermore, a decrease in promoter stake by 5.65% may indicate reduced confidence in the company's future, contributing to the stock's negative momentum.
In the broader market context, PG Electroplast's short-term performance has been significantly worse than the benchmark, with a 1-week return of -24.35% compared to the Sensex's -0.92%. Over the past month, the stock has also underperformed, showing a decline of 20.40% against the Sensex's 4.60% drop. Despite a strong performance over the past year with a return of 38.42%, the recent trends suggest that investor sentiment is currently negative, exacerbated by high volatility and a lack of confidence from promoters. The consumer durables sector, which includes PG Electroplast, has also faced challenges, falling by 7.82%, further impacting the stock's performance.