Why is Pondy Oxides falling/rising?

As of 08-Aug, Pondy Oxides & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,070.80, which reflects a decrease of Rs 29.2 or 2.65%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 10.13% during this period. Today's performance indicates that it has underperformed its sector by 0.88%. Additionally, the stock touched an intraday low of Rs 1,061.8, and there has been a significant drop in investor participation, with delivery volume decreasing by 60.12% compared to the five-day average. Despite its strong long-term performance, with a year-to-date increase of 25.24% and a three-year increase of 530.02%, the recent trend suggests a negative sentiment among investors.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a one-week return of -7.97% compared to the Sensex's decline of only 0.92%. This stark contrast highlights the stock's recent struggles relative to the overall market. While Pondy Oxides has shown impressive long-term growth, the current downward trend and reduced trading volume indicate a lack of confidence among investors, which may be contributing to its recent price decline.