Why is Platinum Industr falling/rising?

As of 29-Jul, Platinum Industries Ltd's stock price is currently at Rs 291.35, reflecting an increase of Rs 7.35 or 2.59%. Today's price summary indicates that the stock has outperformed its sector by 2.17% and has experienced a trend reversal, gaining after six consecutive days of decline. The stock reached an intraday high of Rs 292.95, which is a 3.15% increase. However, despite this positive movement, the stock has a year-to-date decline of 31.78%, and its recent financial performance shows concerning trends, such as a significant drop in profit before tax and profit after tax compared to previous quarters. The company's low debt-to-equity ratio is a positive aspect, but the high price-to-book value suggests an expensive valuation, which may deter investors.
In the broader market context, while Platinum Industries has shown a 5.60% increase over the past month, the benchmark Sensex has decreased by 3.24% during the same period, indicating that the stock is performing relatively well in comparison to the market. However, the stock's year-to-date performance is notably poor, with a decline of 31.78% compared to the Sensex's gain of 4.09%. Additionally, the falling investor participation, as evidenced by a 14.13% drop in delivery volume, raises concerns about the stock's liquidity and investor confidence. The lack of domestic mutual fund investment may also reflect broader apprehensions regarding the company's valuation and business prospects.