Why is Platinum Industr falling/rising?

As of 22-Jul, Platinum Industries Ltd is experiencing a decline in its stock price, currently at 312.00, which represents a decrease of 1.9 or 0.61%. The stock has underperformed its sector by 0.36% today and has been on a consecutive fall for the last two days, resulting in a total decline of 0.64%. Although the stock has shown strong performance over the past year with a return of 23.78%, it has faced significant challenges recently, including a sharp decline in profit before tax and profit after tax, which fell by 60.1% and 52.9% respectively compared to previous quarters. Additionally, the stock's valuation appears expensive with a Price to Book Value of 4.5, and the lack of domestic mutual fund investment may indicate a lack of confidence in its current price.
In the broader market context, Platinum Industries has outperformed the benchmark Sensex in the short term, with a 1-week return of 14.71% compared to the benchmark's decline of 0.47%. However, the stock's year-to-date performance is concerning, showing a decline of 26.94% while the Sensex has gained 5.18%. This disparity highlights the stock's volatility and potential investor apprehension despite its strong historical performance. The falling investor participation, evidenced by a 12.64% drop in delivery volume, further suggests that market sentiment may be shifting negatively, contributing to the stock's recent price decline.