Why is Platinum Industr falling/rising?

As of 16-Jul, Platinum Industries Ltd's stock price is currently at Rs 290.00, reflecting an increase of Rs 18.0 or 6.62%. The stock has shown strong performance recently, outperforming its sector by 6.77% today and achieving a consecutive gain over the last two days with an overall return of 8.61%. In terms of longer-term performance, the stock has generated a return of 13.90% over the past year, significantly higher than the market's return of 0.47%. However, the company is facing challenges, including a significant drop in profit after tax, which fell by 52.9% compared to the previous four-quarter average, and a low operating profit to net sales ratio of 8.49%. Additionally, institutional investors have reduced their stake in the company, indicating a lack of confidence among more sophisticated investors.
In the broader market context, Platinum Industries has outperformed the Sensex in the short term, with a 1-week return of 8.47% compared to the benchmark's decline of 1.08%. Despite this positive short-term performance, the stock has underperformed on a year-to-date basis, with a decline of 32.09% against the Sensex's gain of 5.75%. The stock's liquidity remains adequate for trading, but falling investor participation, particularly from institutional investors, raises concerns about its future performance. Overall, while the stock is currently rising, the underlying financial metrics and declining institutional interest suggest potential volatility ahead.