Why is Pokarna falling/rising?

As of 31-Jul, Pokarna Ltd's stock price is currently at Rs 928.00, reflecting a decline of Rs 32.25 or 3.36%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 4.9%. Today, it opened significantly lower, down 6.27%, and reached an intraday low of Rs 834.7, marking a decrease of 13.07%. The stock has shown high volatility with an intraday fluctuation of 5.81%, and it is trading below all its moving averages. Despite a notable increase in delivery volume, indicating rising investor participation, the company's recent financial results have been disappointing, with a decline in profit after tax and net sales reaching their lowest levels. While the stock has performed well over the past year with a return of 27.12%, the recent flat quarterly results and high valuation metrics suggest a challenging outlook.
In the broader market context, Pokarna's short-term performance has been significantly worse than the benchmark, with a 1-week return of -10.55% compared to the Sensex's -1.22%. Over the past month, the stock has declined by 13.65%, while the Sensex has only dropped by 3.00%. Although Pokarna has shown strong long-term performance with a 3-year return of 72.19% and a 5-year return of 610.29%, the current negative sentiment and disappointing quarterly results may be overshadowing these achievements. The overall market has also been under pressure, as indicated by the negative returns of the BSE500 index, which could be contributing to the stock's recent struggles.