Why is Popular Vehicles falling/rising?

As of 02-Jul, Popular Vehicles & Services Ltd is experiencing a decline in its stock price, currently at Rs 133.40, which represents a decrease of Rs 4.75 or 3.44%. The stock has underperformed its sector by 4.02% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 131.7, indicating a significant drop of 4.67%. Over the past week, the stock has shown a return of +4.14%, while its performance over the past month is +4.22%. Despite a substantial year-to-date decline of -13.94% and a one-year drop of -45.27%, the company has shown healthy long-term growth with net sales increasing at an annual rate of 15.20% and operating profit at 18.12%. The stock's attractive valuation, indicated by a return on capital employed (ROCE) of 3.7 and a 1.2 enterprise value to capital employed ratio, suggests potential for recovery, although it has been negatively impacted by recent price movements.
In the broader market context, the Sensex has shown a positive return of +0.79% over the past week and +2.50% over the past month, contrasting with Popular Vehicles' recent performance. The stock's high institutional holdings at 24.39% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. However, the stock's liquidity remains adequate for trading, with a delivery volume increase of 55.83% against the five-day average. Despite the positive long-term growth indicators, the current downward trend reflects investor sentiment and market conditions that may be weighing on the stock's performance.