Why is Power Mech Proj. falling/rising?

As of 06-Nov, Power Mech Projects Ltd is experiencing a decline in its stock price, currently at Rs 2,373.50, which represents a decrease of Rs 93.7 or 3.8%. The stock has underperformed its sector by 2.72% today and has been on a downward trend for the last two days, accumulating a total loss of 4.97% during this period. Additionally, the stock has touched an intraday low of Rs 2,364.55 and is trading below all its moving averages, indicating a bearish sentiment. Over the past week, the stock has declined by 5.14%, while its performance over the last month shows a significant drop of 12.92%. Despite a healthy long-term growth outlook with net sales increasing at an annual rate of 23.15% and operating profit at 31.28%, the stock has generated a negative return of 19.62% over the past year, which may be contributing to the current price decline.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 1.86% over the past month, contrasting sharply with Power Mech's significant decline. The stock's recent performance is further compounded by a notable drop in investor participation, with delivery volume falling by 49.18% against the five-day average, suggesting reduced interest from investors. While the company maintains a strong institutional holding of 28.01%, which typically indicates confidence in its fundamentals, the current market sentiment appears to be negative, leading to the stock's recent struggles.