Why is Power Mech Proj. falling/rising?

As of 23-Sep, Power Mech Projects Ltd is experiencing a decline in its stock price, currently at Rs 2,874.20, which reflects a decrease of Rs 130.1 or 4.33%. The stock has underperformed its sector by 3.67% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 2,855, showing a significant drop of 4.97%. Over the past week, the stock has decreased by 5.14%, while on a year-to-date basis, it has still managed a positive return of 11.49%. Despite this, the stock's performance over the past year has been negative at -14.20%. The company has shown healthy long-term growth with net sales increasing at an annual rate of 23.15% and operating profit at 31.28%. However, the stock's recent movement may be influenced by falling investor participation, as indicated by a 70.42% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has only decreased by 0.34% over the past week, suggesting that Power Mech Projects Ltd's decline is more pronounced than the overall market trend. While the stock has high institutional holdings at 28.39%, indicating a level of confidence among larger investors, the recent performance metrics, including its lower moving averages compared to shorter terms, suggest a bearish sentiment. The stock is trading at a discount relative to its peers, which could attract long-term investors, but the immediate outlook remains cautious due to the recent price drop and reduced trading volume.