Why is Poona Dal & Oil falling/rising?

As of 11-Aug, Poona Dal and Oil Industries Ltd is experiencing a decline in its stock price, currently at Rs 60.00, which reflects a decrease of Rs 3.5 or 5.51%. The stock has underperformed its sector today by 6.86% and has been on a downward trend for the last two days, accumulating a total drop of 7.69%. Despite opening with a gain of 2.36% and reaching an intraday high of Rs 65, it also hit a low of Rs 58.3, indicating significant volatility with a wide trading range of Rs 6.7. Over the past year, the stock has generated a return of -20.52%, and its performance has been further hindered by a weak long-term fundamental strength, as evidenced by a -24.63% CAGR growth in operating profits over the last five years.
In the broader market context, Poona Dal and Oil's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -9.10% against the Sensex's -0.51%. This underperformance is compounded by a decline in investor participation, as delivery volume has decreased significantly. Although the stock is trading at a fair value compared to its peers, the company's weak profitability, indicated by a low return on equity and poor EBIT to interest ratio, raises concerns about its long-term viability. Overall, the combination of recent price declines, weak financial fundamentals, and underperformance relative to the market contributes to the stock's current downward trajectory.