Why is Poona Dal & Oil falling/rising?

As of 29-Jul, Poona Dal and Oil Industries Ltd is experiencing a decline in its stock price, currently at Rs 65.05, reflecting a decrease of Rs 1.25 or 1.89%. The stock has been underperforming, having fallen consecutively for the last eight days, resulting in a total decline of 9.83% during this period. Despite opening with an 8.6% gain today and reaching an intraday high of Rs 72, the stock has shown high volatility with a wide trading range and has traded below its moving averages. The company has reported positive results over the last four quarters, with significant growth in net sales and profits, but it also faces challenges such as weak long-term fundamental strength and a poor EBIT to interest ratio, which may be contributing to investor concerns.
In the broader market context, Poona Dal and Oil's short-term performance has been notably worse than the benchmark, with a 1-week return of -6.67% compared to the Sensex's -1.03%. The stock's year-to-date performance is also concerning, showing a decline of 9.15% while the Sensex has gained 4.09%. This underperformance, coupled with the company's weak profitability metrics and long-term growth challenges, suggests that investors are cautious, leading to the recent downward trend in the stock price.