Why is Power Mech Proj. falling/rising?

As of 11-Jul, Power Mech Projects Ltd is currently priced at Rs 3,275.90, reflecting a decrease of Rs 69.3 or 2.07%. Today's performance indicates that the stock has underperformed its sector by 1.74% and has experienced a trend reversal after two consecutive days of gains, touching an intraday low of Rs 3,270.2. Despite this decline, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend. The stock has shown strong performance over various periods, with a year-to-date return of 27.07% and a three-year return of 630.90%. Positive factors contributing to the stock's appeal include healthy long-term growth, consistent quarterly results, and a favorable valuation compared to peers, which may have supported its previous gains.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. While Power Mech Projects Ltd has shown resilience with a 1.42% increase over the same period, the current drop may reflect profit-taking or market corrections following its strong performance. The stock's high institutional holdings at 28.14% suggest that knowledgeable investors are backing it, which could provide stability. However, the recent underperformance relative to the sector and the trend reversal may indicate a cautious sentiment among investors, impacting the stock's price movement negatively.