Why is Power Mech Proj. falling/rising?

As of 21-Jul, Power Mech Projects Ltd is experiencing a decline in its stock price, currently at Rs 3,209.15, reflecting a decrease of Rs 60.85 or 1.86%. The stock has underperformed its sector by 1.37% today and has seen a consecutive fall over the last two days, totaling a drop of 2.45%. Despite touching an intraday high of Rs 3,346 earlier in the day, it also reached a low of Rs 3,188.5. The stock's performance over the past week shows a slight decline of 0.58%, but it has performed well over the longer term, with a year-to-date increase of 24.48% and a remarkable 661.45% rise over the past three years. However, the recent drop in delivery volume by 73.05% against the five-day average indicates falling investor participation, which may contribute to the current price decline.
In the broader market context, the stock's short-term performance has been weaker than the benchmark, with the Sensex showing only a minor decline of 0.06% over the same week. Despite this recent downturn, Power Mech Projects Ltd has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 19.31% and operating profit at 18.84%. The company has reported positive results for the last three consecutive quarters, and its return on equity stands at a robust 15.1%. High institutional holdings at 28.39% suggest confidence from larger investors, which could provide support for the stock in the long run. However, the current price movement reflects a temporary setback amidst a backdrop of strong fundamentals and consistent returns over the years.