Why is PG Electroplast falling/rising?

As of 26-Aug, PG Electroplast Ltd is experiencing a decline in its stock price, currently at 557.65, reflecting a decrease of 26.05 points or 4.46%. Today's price summary indicates that the stock has underperformed its sector by 2.06% and has seen a trend reversal after three consecutive days of gains. The stock touched an intraday low of Rs 548.8, marking a drop of 5.98%. In terms of returns, the stock has shown a 3.14% increase over the past week but has significantly underperformed over the past month with a decline of 30.37%. While the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 50% and operating profit at 74.19%, recent financial results have been flat, with a notable decrease in profit before tax and profit after tax. Additionally, a reduction in promoter confidence, indicated by a 5.65% decrease in their stake, may have contributed to the stock's recent downward movement.
In the broader market context, the stock's performance over the past week contrasts with the Sensex, which has declined by 1.05%. Despite the stock's strong long-term returns, including a 536.51% increase over three years, the recent performance has been overshadowed by a significant drop in investor participation, with delivery volume falling by 45.55% against the five-day average. The consumer durables sector, to which PG Electroplast belongs, has also faced a decline of 2.46%, reflecting broader challenges in the market. Overall, while the stock has shown resilience in the long term, the combination of recent poor financial results, reduced promoter confidence, and sector-wide declines has led to its current downward trajectory.