Why is Pondy Oxides falling/rising?

As of 04-Nov, Pondy Oxides & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,315.10, reflecting a decrease of Rs 38.5 or 2.84%. The stock has underperformed its sector by 1.12% today and has been on a consecutive downward trend for the last four days, resulting in a total drop of 9.06% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 53.81% increase year-to-date and a remarkable 518.94% rise over the past three years. Positive factors contributing to the stock's overall strength include a low Debt to EBITDA ratio of 0.86, healthy long-term growth in operating profit, and increasing participation from institutional investors, who now hold 8.77% of the company.
In the broader market context, while Pondy Oxides has underperformed in the short term, its one-week return of -6.39% contrasts with the Sensex's decline of only 1.38%, indicating a significant lag behind the benchmark. However, the stock's long-term performance remains robust, outperforming the BSE500 over various periods, including a 33.11% return in the last year. Despite the recent price drop, the company has consistently reported positive results for six consecutive quarters, which may support a recovery in investor sentiment moving forward.