Why is Power Mech Proj. falling/rising?

As of 04-Jul, Power Mech Projects Ltd is currently priced at 3,230.00, reflecting a decrease of 6.2 points or 0.19%. The stock has underperformed its sector by 0.93% today, despite being higher than its 20-day, 50-day, 100-day, and 200-day moving averages, but lower than its 5-day moving average. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 70.03% compared to the 5-day average. Over the past month, the stock has shown a modest gain of 2.23%, while it has performed impressively over the year with a return of 28.71%, indicating strong long-term growth potential. The company has consistently reported positive results over the last three quarters, with net sales and operating profit reaching record highs, which supports its healthy valuation metrics.
In the broader market context, Power Mech Projects Ltd's recent performance contrasts with the Sensex, which has declined by 0.74% over the past week. Despite this, the stock has outperformed the benchmark over longer periods, including a 25.29% gain year-to-date compared to the Sensex's 6.77%. The company benefits from high institutional holdings at 28.14%, suggesting confidence from more sophisticated investors. However, the recent drop in delivery volume and the underperformance today may reflect short-term market sentiment despite the company's strong fundamentals and attractive valuation compared to peers.