Why is PNB Gilts falling/rising?

As of 23-Sep, PNB Gilts Ltd is currently priced at 102.18, reflecting a slight decline of -0.03 (-0.03%). The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of -1.82% during this period. Additionally, the stock's delivery volume has decreased by -18.91% compared to the 5-day average, indicating a drop in investor participation. Despite the recent downturn, the company has reported very positive financial results, including a significant net profit growth of 113.37% and record high net sales and profit before tax figures. However, the stock's year-to-date performance shows a decline of -5.87%, and it has underperformed the benchmark Sensex over the past month, which has increased by +0.98%.
In the broader market context, PNB Gilts' short-term performance has been less favorable compared to the Sensex, which has shown a slight decline of -0.34% over the past week while PNB Gilts has gained +0.80%. This suggests that while the stock has had some positive movement recently, it has not been enough to counteract the overall negative trend observed in the last month and year. The stock is currently trading at a discount compared to its peers, which may attract some investors looking for value, but the overall negative sentiment and declining investor participation could be contributing to the recent price drop.