Why is Power Mech Proj. falling/rising?

As of 28-Oct, Power Mech Projects Ltd is experiencing a decline in its stock price, currently at Rs 2,540.00, reflecting a decrease of Rs 83.5 or 3.18%. The stock has underperformed its sector by 2.19% today, having touched an intraday low of Rs 2,533, which is a drop of 3.45%. Over the past week, the stock has seen a return of -5.53%, and for the past month, it has decreased by 5.41%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also fallen significantly, down 26.44% compared to the 5-day average, suggesting reduced investor participation. Despite these short-term challenges, 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%, which may provide some support for the stock's valuation.
In the broader market context, the Sensex has increased by 0.24% over the past week, contrasting with Power Mech Projects' decline, highlighting the stock's underperformance relative to the benchmark. While the stock has generated a return of -8.64% over the past year, its profits have risen by 23.9%, indicating a disconnect between stock performance and underlying financial health. The company maintains a strong return on equity of 15.1 and a PEG ratio of 1.1, suggesting that it is undervalued compared to peers. Furthermore, with high institutional holdings at 28.01%, there is potential for more informed investment decisions, which could stabilize the stock in the long run. However, the current negative momentum and falling investor participation are significant factors contributing to the stock's recent decline.