Why is Power Mech Proj. falling/rising?

As of 01-Jul, Power Mech Projects Ltd is experiencing a decline in its stock price, currently at Rs 3,300.00, which reflects a decrease of Rs 50.1 or 1.5%. Today's performance indicates that the stock has underperformed its sector by 0.81%, following a trend reversal after five consecutive days of gains. The stock reached an intraday low of Rs 3,252.95, marking a drop of 2.9%. Despite this short-term decline, the stock has shown strong performance over various periods, with a 28.01% increase year-to-date and a remarkable 636.89% rise over the past three years. The company has also reported healthy long-term growth, with net sales and operating profit increasing significantly, and it has declared positive results for the last three consecutive quarters.
In the broader market context, while Power Mech Projects has underperformed today, it has outpaced the Sensex with a 1-week return of 8.91% compared to the benchmark's 2.00%. The stock's strong fundamentals, including a return on equity of 15.1% and high institutional holdings at 28.14%, suggest that it remains an attractive investment despite the recent price drop. The stock is trading at a discount relative to its peers, which may provide a cushion against the current decline. Overall, while the stock is facing a short-term setback, its long-term growth potential and solid performance metrics indicate resilience in the face of market fluctuations.