Why is PG Electroplast falling/rising?

As of 11-Sep, PG Electroplast Ltd's stock price is currently at Rs 570.00, reflecting a decrease of -2.55 (-0.45%). The stock has underperformed its sector today by 1.1% and has experienced a trend reversal after two consecutive days of gains. Despite touching an intraday high of Rs 587.25, the stock's performance over the past week shows a positive return of 2.72%, while its one-month return is significantly higher at 12.76%. However, the stock has faced challenges with a year-to-date return of -42.04% and a one-year return of -6.56%. Key negative factors impacting the stock include a decline in profit before tax and profit after tax for the latest quarter, alongside a reduction in promoter confidence as they decreased their stake by 5.65%.
Broader market context indicates that while PG Electroplast has shown strong long-term growth in net sales and operating profit, the stock's recent performance is concerning compared to the benchmark Sensex, which has gained 1.03% over the past week and 1.17% over the past month. The stock's liquidity remains adequate for trading, but a notable drop in delivery volume suggests waning investor interest. Overall, the combination of falling investor participation, reduced promoter confidence, and mixed financial results contributes to the stock's current downward movement.