Why is PNB Gilts falling/rising?

As of 30-Jul, PNB Gilts Ltd's stock price is currently at Rs 108.59, reflecting a decrease of Rs 1.76 or 1.59%. Today's price summary indicates that the stock underperformed its sector by 1.69%, with an intraday high of Rs 114.09 and a low of Rs 107.56. Despite trading above its moving averages, the stock has seen a significant drop in investor participation, with delivery volume falling by 47.25% compared to the 5-day average. Over the past year, the stock has generated a return of -16.11%, despite the company reporting a remarkable growth in net profit of 113.37% and positive results for the last two consecutive quarters.
In the broader market context, PNB Gilts has outperformed the benchmark Sensex over the past week and month, with returns of +1.30% and +8.75%, respectively, while the Sensex has declined by 1.50% and 2.54%. However, the stock's long-term fundamentals are weak, as indicated by a low average return on equity of 13.28% and minimal domestic mutual fund investment, suggesting a lack of confidence in the stock's valuation. This combination of short-term outperformance against the benchmark and long-term concerns about growth and investor sentiment contributes to the stock's current downward movement.