Why is Pokarna falling/rising?

As of 01-Aug, Pokarna Ltd's stock price is currently at Rs 878.75, reflecting a decline of Rs 49.25 or 5.31%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 9.95% during this period. Today's performance indicates that it has underperformed its sector by 4.34%, with an intraday low of Rs 865.4. In terms of returns, the stock has experienced a significant decline of 14.21% over the past week and 18.23% over the past month, while it has generated a positive return of 23.37% over the past year. Despite these recent challenges, the company has shown healthy long-term growth, with net sales increasing at an annual rate of 25.21% and operating profit at 34.09%. However, the recent quarterly results have been disappointing, with a 14.4% drop in PAT and the lowest net sales recorded.
Broader market context indicates that while the stock has generated a return of 23.37% over the past year, the broader market, represented by the Sensex, has only returned -1.55%. In the short term, however, Pokarna's performance has been notably worse than the benchmark, with a 14.21% decline over the past week compared to the Sensex's decline of just 1.06%. This stark contrast highlights the stock's recent struggles despite its strong institutional backing and healthy long-term growth metrics. The high institutional holdings of 21.11% suggest that these investors have confidence in the company's fundamentals, but the recent flat quarterly results may have led to increased selling pressure among retail investors, contributing to the stock's current downward trend.