Why is Pokarna falling/rising?

As of 12-Sep, Pokarna Ltd's stock price is currently at 855.00, reflecting a decrease of 5.45 points or 0.63%. The stock has been experiencing a downward trend, having fallen for the last two days with a total return of -3.07% during this period. Despite a strong performance over the past week with a return of +9.75%, the stock's longer-term performance has been disappointing, showing a decline of -5.74% over the past month and -26.64% year-to-date. The stock's recent price movement is also influenced by a significant drop in delivery volume, which has decreased by 55.07% compared to the five-day average, indicating falling investor participation. While the company boasts high management efficiency and healthy long-term growth in net sales and operating profit, its recent quarterly results have shown a decline in profit after tax and net sales, contributing to the stock's negative sentiment.
In the broader market context, Pokarna's performance has underperformed the benchmark index, with a one-year return of -18.97% compared to the Sensex's decline of only -1.28%. Although the stock has shown resilience over a three-year period with a return of +52.90%, its recent struggles highlight a disconnect with market trends. The stock is currently trading at a discount compared to its peers, which may attract long-term investors, but the immediate outlook remains challenging due to recent flat quarterly results and a significant drop in trading volume. Overall, while there are positive factors such as high institutional holdings and a favorable PEG ratio, the recent performance and market conditions suggest a cautious approach to investing in Pokarna Ltd at this time.