Why is Power Mech Proj. falling/rising?

As of 02-Jul, Power Mech Projects Ltd is experiencing a decline in its stock price, currently at Rs 3,229.95, which reflects a decrease of Rs 70.05 or 2.12%. The stock has underperformed its sector by 1.62% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.59% during this period. Despite this recent decline, the stock has shown strong performance over longer periods, with a year-to-date return of 25.29% and a remarkable 621.25% increase over the past three years. However, today's trading activity indicates a lower investor participation, with delivery volume falling by 36.72% against the five-day average, suggesting a potential decrease in demand.
In the broader market context, while Power Mech Projects Ltd has underperformed today, it has still outpaced the Sensex over the past week and month, with respective returns of 4.25% and 2.38% compared to the Sensex's 0.79% and 2.50%. The company's strong fundamentals, including a healthy annual growth rate in net sales and operating profit, along with positive quarterly results, indicate a solid long-term outlook. Additionally, the stock's attractive valuation relative to peers and high institutional holdings suggest confidence in its future performance. However, the recent price drop may reflect short-term market sentiment rather than a fundamental deterioration in the company's prospects.